Author Topic: Cost of 2012 London Olympics venues soar  (Read 1433 times)

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Offline GTF

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Cost of 2012 London Olympics venues soar
« on: June 18, 2008, 07:50:47 AM »
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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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