LondonNet News Headlines
|London to Make Olympic Bid|
- Government set to announce backing today
LONDON will be among the candidate cities hoping to stage the 2012 Olympic Games after the government confirms today it will back enthusiastically any bid.
There had been doubts over the government's readiness to stump up the estimated UKP3.5 billion the games are likely to cost, but ministers are now apparently convinced of the case the money would represent an investment, particularly because the proposed site for the main stadium is in Stratford, one of London's most deprived areas.
Other areas likely to be used include the Millennium Dome in Greenwich, The Valley, Charlton Athletic's football ground and the Crystal Palace National Sports Stadium.
What are London's chances of holding the event, given the strong field of candidates? Some Olympic experts believe 2012 is seen as 'Europe's turn' to host the games, which would make it a straight race between Istanbul, London, Moscow, Madrid and Paris. Of that quintet, London and Paris are reckoned to be the two front-runners. Havana and New York are two of the other world cities set to make bids.