« on: June 18, 2008, 08:50:47 AM »
LONDON (AP) - The cost of building the venues for the 2012 London Olympics has increased by $207 million in the last seven months.
That's according to figures released Wednesday after London Mayor Boris Johnson commissioned a high-level study last month. He was concerned about the global turmoil in the financial markets and the effect on the Olympic budget.
Since November, the cost of the 80,000-seat Olympic Stadium, which will be built by a consortium involving Sir Robert McAlpine, HOK Sport and Buro Happold, has risen from $976.2 million to $1.02 billion. That includes the price of converting the stadium to a 25,000-seat athletics venue after the games.
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