GLA Budget and Performance Committee

The Finances of the Olympic Legacy
Part1: Olympic Park transfer and continuing liabilities
October 2010

A futile attempt to cut through the murk of the 2012 legacy financing and accountability. As one might expect, it's going to cost an awful lot of money on top of what's already been spent, no-one knows how much, when any benefits might be delivered, what they will be exactly or who will be accountable. Plus ca change.

Following previous posts pointing out that the 2012 Olympic Park is not the claimed "largest new park in Europe in 150 years", there was some hurried hype revision and the ODA downgraded it to the "biggest park in the UK for 100 years" while other fellow traveller agencies drifted off message and settled for "biggest new park in London for 100 years" .

OECD - Local Development Benefits from Staging Global Events: Achieving the Local Development Legacy from 2012

A peer review of the Olympic and Paralympic legacy for East London proposed by the Department of Communities and Local Government, United Kingdom

Report by Carphone Warehouse Deputy Chairman David Ross after his appointment as Games legacy advisor by Boris Johnson. It recommends the creation of a special 'legacy delivery' vehicle ie. the OPLC.

@ProfMikeWeed has entered outraged mode on that fast-vapourising sports legacy and those

February 2010 report of investigation by the Economic Development, Culture, Sport and Tourism Committee of the London Assembly:

• To review how, when, and by whom, decisions about the legacy uses of

Sports Minister Hugh Robbertson has called the £135million lottery funding to be spent under the the Places People Play strategy 'the cornerstone of a grassroots legacy from hosting the Olympic Games.' As others have pointed out this comes after the coalition took away £300million sports funding, cuts which will have a particular impact on children's sport.

Spin is pernicious, like Japanese Knotweed from tiny fragments of root it keeps popping up everywhere.

Mark King, an innocent 'churnalist', writes a piece in The Guardian: A working life: the lock keeper