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Budget and Venues Update (Supplementary) [15]

  • Question by: Angie Bray
  • Meeting date: 10 November 2007
My final point is this: the people who have been taken for a ride here are the public, aren't they? Part of the design of that bid document was for public consumption, to ensure that opinion polls did not race away against the idea of the Olympic Games in the first place as it might have made us an unpopular venue as far as the IOC was concerned. It was the public that was being lulled into a false sense of security about this when all along the professionals and those who are used to this kind of bidding knew...

Budget and Venues Update (Supplementary) [14]

  • Question by: Richard Barnes
  • Meeting date: 10 November 2007
I understand all that, but London can expect no more shocks then?

Budget and Venues Update (Supplementary) [13]

  • Question by: Richard Barnes
  • Meeting date: 10 November 2007
How can we as an Assembly then monitor and spread confidence to Londoners about what is happening if over a period of time the projects are changing and we are not comparing like with like? I recognise the 2004 bid book did not include VAT, did not include build costs, did not include inflation.

Budget and Venues Update (Supplementary) [12]

  • Question by: Richard Barnes
  • Meeting date: 10 November 2007
We are back to the Mayor's guess work, are we?

Budget and Venues Update (Supplementary) [11]

  • Question by: Richard Barnes
  • Meeting date: 10 November 2007
On Tuesday at his press conference the Mayor said, 'The Aquatics Centre will be built on time and to budget.' Now, we are all aware that two days late is not good enough. Which budget do you think he is talking about?

Budget and Venues Update (Supplementary) [10]

  • Question by: Richard Barnes
  • Meeting date: 10 November 2007
Are you saying then that within the budget which is within your control come 2012, there will be no further pool for uplift for that budget? You will not exceed that budget?

Budget and Venues Update (Supplementary) [9]

  • Question by: Angie Bray
  • Meeting date: 10 November 2007
You knew about that. I mean, everybody knew about the land.

Budget and Venues Update (Supplementary) [8]

  • Question by: Dee Doocey
  • Meeting date: 10 November 2007
I am just looking for an order of magnitude. Are we talking about £100 or £10 billion?

Budget and Venues Update (Supplementary) [7]

  • Question by: Bob Blackman
  • Meeting date: 10 November 2007
Can I ask you what reasons they have given for withdrawing?

Budget and Venues Update (Supplementary) [6]

  • Question by: Bob Blackman
  • Meeting date: 10 November 2007
Can I just ask Mary about the LDA's perspective. The Memorandum of Understanding has been renegotiated. We have heard the assurances today about budgets but we clearly do not know what the position will be when we get the final outturn on everything. Have you got any concerns that the Government might withdraw revenue for support grant, for example, from the GLA to compensate for any cost overruns?
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