How is 2m a year for a 600m asset a good return?

Discussion in 'The New Stadium' started by RichSpur58, Oct 12, 2011.

  1. RichSpur58

    RichSpur58 Well-Known Member

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    http://www.telegraph.co.uk/sport/ol...-again-as-Olympic-stadium-deal-collapses.html

    This whole OS debacle has been nothing but lies and misinformation.

    How can Boris say that 2m a year rental income on an asset that cost 600m to build and 100m to convert is good value to the taxpayer?

    It would West Ham 300 years to pay the original cost of the stadium.

    At least with the Tottenham bid they would have claimed back couple of hundred million straight away.
     
  2. SpurSince57

    SpurSince57 Well-Known Member

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    Where has this £600m figure come from? :shrug:
     
  3. Super Tottenham

    Super Tottenham Well-Known Member

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  4. Real_madyidd

    Real_madyidd The best username, unless you are a fucking idiot.

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    People keep saying it, soon it will become the accepted figure even though it is wrong!
     
  5. Lilbaz

    Lilbaz Just call me Baz

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    David Gold said that getting a £600m stadium for £30m is a good bit of business.

    Whether that figure is accurate or not doesn't really matter, unless the OPLC decide to sell it.
     
  6. RichSpur58

    RichSpur58 Well-Known Member

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    thats how much they spent on it
     
  7. Real_madyidd

    Real_madyidd The best username, unless you are a fucking idiot.

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    so it's really not a 600M asset then.
     
  8. RichSpur58

    RichSpur58 Well-Known Member

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    the tenant will benefit from the infrastructure no? Isnt that one of the major reasons everyone wants it?

    If the gov spent 600m, its a 600m asset.
     
  9. spursontheloose

    spursontheloose Check your women for poofish!

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    I thought that figure was for more or less the whole olympic site? On the beeb the stadium is being quoted as costing £516 mil to build though?

    Either the cost of building it has risen dramatically or reporters are just fucking confused?
     
  10. RichSpur58

    RichSpur58 Well-Known Member

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    It was 516m budget but im sure they overun some too.

    The whole site will be multi billions.
     

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