by
ianrthorpe
@ 2007-03-16 - 17:49:40
We hate to say we told you so, (no we don’t, we love it) but here we go for the squillionth time.
Latest estimates for the final cost of the Olympic Spendfest have trebled the original budget. Financial catastrophe was entirely predictable of course, all such projects undertaken in Bureaucratic Britain fall victim to the modern equivalent of medieval plagues. So where the builders of most of the west end had to contend with Typhoid, Cholera, Black Death, Smallpox, and acute encephalitis of the knees.
The Olympic project however will increasingly become bogged down by the following:
a plague of spin,
ditto consultants,
spreadsheets,
meetings,
middlemen,
special interest groups,
political chicanery,
private finance initiatives.
so fellow taxpayers, we can expect to be digging a lot deeper into our pockets before we see a stadium start to take shape.