Olympic Park legacy
The reworking of the Olympic Park has begun and The London 2012 Organising Committee and the LLDC are marking the handover of the park. Meanwhile Ministers have revealed a £377m surplus in the government Olympic budget.
- Simon Harris
£103m remains in Olympics contingency fund
After ministers revealed a £377m surplus in the government Olympic budget, it seems a further £103m remains in the contingency fund. Savings and unspent contingency amount to £480m. These figures suggest the final bill will be just under £9bn from a budget of £9.3bn.
It's not all positive - the cost of the Olympic village has risen by £36m to almost £750m. City Hall will get £30m from the sale of the village. The Government says London 2012 (Locog) will publish its accounts in the New Year.
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London 2012 to come in nearly £400m under budget
The London 2012 Games are set to come in under budget, figures from the Government’s final quarterly economic report show.
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Olympic Park handover marked
The reworking of the Olympic Park has begun and The London 2012 Organising Committee and the LLDC are marking the handover of the park.