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September 6, 2008 2:42:05 AM CDT



Brits 'Duped' Over Olympic Pricetag

Posted Apr 22, 08 3:00 AM CDT in World Sports 

(Newser) – The projected pricetag of the 2012 Olympic games in London has more than doubled to $18 billion since the city was picked as host three years ago—and the British  government is being accused of deliberately low-balling estimates to sell the event to the public, the Guardian reports. A public spending watchdog says the original figure was completely unrealistic.

"It seems extraordinary that foreseeable costs were left out of the budget," he said. "Parliament and the public were undoubtedly misled over the true costs of the Olympic project."

Source Guardian (UK)

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Sebastian Coe, the chairman of the London Organizing Committee for the Olympic Games (LOCOG), pauses during a news conference in London, in this April 21, 2006 file photo.   (AP Photo/Lefteris Pitarakis, File)
Aerial view of construction work on the main stadium for the 2012 London Olympics near Stratford in east London, Thursday Feb. 7, 2008.   (AP Photo)
This artists impression released by the London 2012 Olympic Delivery Authority, Wednesday, Nov. 7, 2007, shows the 2012 Olympic Stadium to be built in London.   (AP Photo)
London 2012 Chairman Sebastian Coe poses with the London 2012 Olympic logo as he addresses journalists.   (AP Photo/Tom Hevezi)
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