Recent news stories* exposed how the true cost of hosting the Olympics is 2½ times (or more) higher than the oft quoted figure of £9.3 Billion, which itself is far higher than the original £2.4bn estimate. Not included in that figure is the full cost of staging the Olympic Torch Relay for which local council tax payers will be footing a sizeable chunk of the bill, in part, because of where they are forced to shop and, in part, due to bad planning which, in turn, is allowing LOCOG to generate.. Read More »