Quote:
Originally Posted by chemgear
I believe that they moved the goal posts.
https://www.dailymail.co.uk/news/art...bn-budget.html
The Government yesterday issued a glowing report on the Olympics coming in under budget – despite the cost being almost four times the original estimate.
Olympics Minister Hugh Robertson said it was a ‘significant achievement’ that spending on the 2012 Games was expected to come in £476million under its £9.3billion budget.
But his boast was declared ‘disingenuous’ by critics, who pointed to the initial estimate of £2.4billion made by the Labour Government when London won the bid in 2005.
EDIT: So yeah, if Bidco had the help of these guys . . . 400% of their original budget is . . . kinda bad? |
The Daily Mail isn't a super reputable source, so here's an additional one from the BBC:
http://news.bbc.co.uk/2/hi/6453575.stm
Corroborates the story completely. 400% budget increase. If this were applied to Calgary, that would be in the "tens of billions" after all.