London Olympics’ Cost: 2012 vs. 1948

Written by Gary North on July 23, 2012

The cost of the 2012 Olympics will be at least £9.3 billion, or $14.5 billion. (1 pound = $1.56) Originally, money from the private sector was to pay for the games, but as the 2008 financial crisis took hold the Olympic project was bailed out costing the British tax payer £5.9bn. The latest government report […]

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