Jump to content
House Price Crash Forum

Uk Tourism To Lose 3.5 Billion Due To Olympics


Recommended Posts

0
HOLA441
1
HOLA442
I think it was Laing who built the Wales Millenium Stadium and took a hit of several million loss on the contract? That was during the boom.
Construction companies never make a profit on any of their projects.

They are always trying to catch up from the last loss making project.

At least that's what they always say.

Things are always so difficult for them so it's no wonder cheap labour is so essential from Poland and so on.

It's very hard to make money MAKING something when all your employees have to pay rent. Rent will rise to absorb all available profits.

Link to comment
Share on other sites

2
HOLA443

Same effect in Krakow, tourists staying away in droves to avoid the Euro 2012

Except that June is not prime tourist season

August is!

(I was in Poland the week before the football started, most hotels were less than half full, as is normal for that part of the season)

tim

Link to comment
Share on other sites

3
HOLA444

No, it's not.

More than half of the money spent on the Olympics went to land speculators who snapped up real estate in the intended Olympic sites in the days after we won the bid.

It's the reason the cost more than doubled... because they had to pay more to buy the land. They make no secret of this, although the government has been reluctant to talk about the fact that the land they had to buy had changed hands a few years or even month earlier for far less.

Land speculators made an absolute KILLING.

Really.

The only figures that I can find show that less than 10% of the costs was the cost of the land. And that was before ths silly overspend on security etc was added in, so ISTM that around 5% of the final costs will be the cost of the land.

If you have different "verified" figures please post them

tim

Link to comment
Share on other sites

4
HOLA445

samsung and coca cola, following the torch relay around. what a disgrace that we cant promote british firms and the organisors selling out to foriegners.

also lots of foriegners following the torch around selling flags to the spectators.

Link to comment
Share on other sites

5
HOLA446

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information