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Olympic Games 2012: Construction

Volume 472: debated on Tuesday 4 March 2008

To ask the Minister for the Olympics what estimate (a) her Department and (b) its agencies have made of the annual revenue costs of (i) running buildings and facilities constructed for the 2012 Olympics and (ii) associated debt repayments once the Games are over; and to which public bodies liability for these costs will fall. (184426)

The Olympic Delivery Authority and London Development Agency are currently considering the long-term viability of each of the venues to be constructed for the London Games. Work is also being carried out to develop a fully integrated business plan for the Olympic Park as a whole, which will take into account the likely annual revenue costs for the individual venues and other facilities. This work will also help the development of the Legacy Masterplan Framework, and development of the options for the long-term arrangements for the ownership and management of the Olympic Park, decisions on which are expected to be taken during 2008.