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SBD/Issue 41/Olympics
London 2012 Organizers Unveil Plans For Olympic Stadium
Published November 7, 2007
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| Plan Calls For 80,000-Seat Facility To Be Reduced To 25,000-Seat Venue After Games |
DOUBLE UP: With a price tag estimated last month at US$1.04B, the stadium’s budget has “nearly doubled” from the US$588M ’04 estimate given during London’s bid for the Games (Manchester GUARDIAN, 11/7). But in London, David Bond notes the final cost “could be higher” than that. The figure Olympic Delivery Authority Chair John Armitt gave the London Assembly last month “was a forecast and is only 80[%] certain of being the final cost.” The final bill “will only be known once the work is complete," a year before the Games (London TELEGRAPH, 11/7). Also in London, Owen Slot notes the construction contract received "only one bidder,” Team McAlpine. This “hardly left London 2012 in a position of strength to negotiate” the price. Arsenal FC’s Emirates Stadium was built “by the same construction company at less than half the cost” (LONDON TIMES, 11/7).

Stadium Budget Nearly Double '04 Estimates







