HC 69-I
Published on 24 January 2007by authority of the House of CommonsLondon: The Stationery Office Limited£0.00
House of CommonsCulture, Media and SportCommittee
London 2012 OlympicGames and ParalympicGames: funding andlegacy
Second Report of Session 2006–07
Volume I 
Report, together with formal minutes
Ordered by The House of Commonsto be printed 17 January 2007 
 
 
The Culture, Media and Sport Committee
The Culture, Media and Sport Committee is appointed by the House ofCommons to examine the expenditure, administration, and policy of theDepartment for Culture, Media and Sport and its associated public bodies.
Current membership
Mr John Whittingdale MP (
Conservative, Maldon and East Chelmsford 
)
[Chairman] 
Janet Anderson MP (
Labour, Rossendale and Darwen
)Mr Philip Davies MP (
Conservative, Shipley 
)Mr Nigel Evans MP (
Conservative, Ribble Valley 
)Paul Farrelly MP (
Labour, Newcastle-under-Lyme
)Mr Mike Hall MP (
Labour, Weaver Vale
)Alan Keen MP (
Labour, Feltham and Heston
)Rosemary McKenna MP (
Labour, Cumbernauld, Kilsyth and Kirkintilloch East 
)Adam Price MP (
Plaid Cymru, Carmarthen East and Dinefwr 
)Mr Adrian Sanders MP (
Liberal Democrat, Torbay 
)Helen Southworth MP (
Labour, Warrington South
)
Powers
The Committee is one of the departmental select committees, the powers ofwhich are set out in House of Commons Standing Orders, principally in SO No152. These are available on the Internet via www.parliament.uk.
Publications
The Reports and evidence of the Committee are published by The StationeryOffice by Order of the House. All publications of the Committee (including pressnotices) are on the Internet athttp://www.parliament.uk/parliamentary_committees/culture__media_and_sport.cfm
Committee staff
The current staff of the Committee are Kenneth Fox (Clerk), Sally Broadbridge(Inquiry Manager), Daniel Dyball (Committee Specialist), Anita Fuki (CommitteeAssistant), Rowena Macdonald (Secretary), Jim Hudson (Senior Office Clerk) andLaura Humble (Media Officer).
Contacts
All correspondence should be addressed to the Clerk of the Culture, Media andSport Committee, House of Commons, 7 Millbank, London SW1P 3JA. Thetelephone number for general enquiries is 020 7219 6188; fax 020 7219 2031; theCommittee’s email address is cmscom@parliament.uk
 
1
 
Contents
Report
Page
 
Summary 3
 
1
 
Introduction 5
 
2
 
Progress with land preparation and construction 6
 
Progress with infrastructure in the Olympic Park 6
 
Linking the Park to local infrastructure 9
 
Regeneration of the surrounding area 10
 
3
 
Costs 11
 
Staging the games 11
 
Venues 15
 
Security 16
 
VAT 17
 
Contingency 18
 
Cost increases: the £900 million identified so far 20
 
4
 
Public funding for the Games 22
 
Lottery funding 23
 
Meeting the funding gap 27
 
Tax regime for the National Lottery 29
 
Gains on land values 30
 
5
 
Legacy 31
 
Regeneration of East London 31
 
Venues 32
 
Legacy for participation in sport 37
 
Economic legacy 38
 
Tourism 39
 
Branding 43
 
Cultural Olympiad 44
 
Olympic Trust 46
 
Legacy for the nations and regions 46
 
6
 
Prospects 47
 
Conclusions and recommendations 49
 
Formal minutes 56
 
Witnesses 57
 
List of written evidence 58
 

Share & Embed

More from this user

Add a Comment

Characters: ...