Difference between revisions of "Commonwealth Games 2014"
m |
m |
||
| Line 1: | Line 1: | ||
==The Cost of the Games== | ==The Cost of the Games== | ||
| − | The cost of hosting the games in Glasgow currently stands at an estimated | + | The cost of hosting the games in Glasgow currently stands at an estimated £288 million and the Commonwealth Games do not have a good track-record for generating revenue. According to reports, they led to 'financial meltdown in Edinburgh when it hosted the Games in 1986 [which] led to the city reporting a £ 3 million deficit on a £ 27 billion budget. South of the Border, the experience of Manchester is similarly worrying. The company behind the 2002 Games came within hours of insolvency until the Government rode to the rescue with an extra £ 105 million in public subsidies.'<ref>Gabriel Rozenberg, 'City's resurgence has been built on arts, leisure and tourism', ''The Times'', 10 November 2007, p.7.</ref> |
Revision as of 10:14, 17 April 2008
The Cost of the Games
The cost of hosting the games in Glasgow currently stands at an estimated £288 million and the Commonwealth Games do not have a good track-record for generating revenue. According to reports, they led to 'financial meltdown in Edinburgh when it hosted the Games in 1986 [which] led to the city reporting a £ 3 million deficit on a £ 27 billion budget. South of the Border, the experience of Manchester is similarly worrying. The company behind the 2002 Games came within hours of insolvency until the Government rode to the rescue with an extra £ 105 million in public subsidies.'[1]
Costly Junkets
Since Glasgow won the bid, the campaign has been mired in controversy, largely due to the travel costs run up by Following initial resistance to release figures under the Freedom of Information (Scotland) Act, Kevin Dunion ruled that Glasgow City Council must co-operate. This revealed that a £5 million fund had been set up by the Scottish Executive and Glasgow City Council to meet expenses incurred in winning the bid, with representatives of the Glasgow team visiting 68 countries in seven months, staying at top hotels as far afield as Asia and the Caribbean at a cost to taxpayers of £250,000. The ceremony in Sri Lanka at which the winning bid was announced was attended by 46 Scots councillors, MSPs and their wives, costing £100,000.[2]
