Brown Says Expensive Olympics Will Boost London

English Prime Minister Gordon Brown is confident that the 2012 Summer Olympics will bring a big economic benefit to London. But with costs rising beyond expectations, some are skeptical of the PM's prediction.

He said the games would create not only temporary event-based jobs, but a long-term positive impact on the city's economy.

"Construction on the Olympic Park, which organisers call the largest building project in Europe, is on track to be completed ahead of schedule.

However increased venue costs have contributed to the overall Olympic budget spiralling from the initial estimate of 2.4 billion pounds ($3.9 billion) to 9.3 billion pounds.

The British taxpayer has had to step in after private funding partners for two of the biggest venues, the Olympic village and media centre, struggled to secure commercial financing in the credit crunch."

Full Story: Brown Says London 2012 to Fuel Regeneration

Comments

Comments

start pedantry/

There's no such job as Prime Minister of England, and/or Mr. Brown is certainly not English. /end pedantry

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00