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Question by:
Bob Blackman
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Meeting date:
15 December 2004
The issue is going to be, if any cost overruns take place, Londoners pick up 50% of the tab. Now, the issue here is one of a direct contribution that, not only Londoners, but everyone can make towards the Lottery funding, that would then lead to a possible contribution towards developing the venues. Now, it only seems fair and right and reasonable to everyone ' including yourself, originally ' that all of that money should go towards funding the Games, rather than a position of the Treasury taking 12% and then using it for whatever purposes they wish. Now, you...