Working together for a fairer, greener future.

Facebook Twitter Email Youtube

World Student Games deficit not ‘settled’

Labour Cllr Peter Price again says the World Student Games deficit was “settled” in 1992 (Star 2 August). So we again have to direct people to recent Sheffield City Council accounts which say

“The outstanding liability as at 31 March 2016 is £114.7million.”

The mainly roofless Don Valley Stadium was seen by many as an expensive white elephant and has now been demolished. But other venues have attracted big events – the Sheffield Olympics GB National Summer Games are very welcome here from August 7 to 12.

Clive Betts MP commented in 2011 “Labour borrowed money to provide facilities that are extremely well-used, and an asset for Sheffield.” The question is whether or not they have provided value for money. Debt refinancing means a final cost of £650 million with annual repayments of up to £30 million continuing to 2024. That’s more than four times the original cost of building venues for the 1991 Games.

Peter Garbutt
Sheffield Green Party

Topics: City Wide, Council, Featured, Letters to the press, Peter Garbutt

All comments welcome

The Sheffield Green Party welcomes all comments but we will not be held responsible for any user comments. We do reserve the right no to publish comments that may cause offence.

Your email addres will not be published nor will it be shared. See our Privacy Policy.

css.php
%d bloggers like this: