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World Student Games- 30yrs!


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  • 2 years later...
2 hours ago, Jim Hardie said:

Whoopee!


Debt linked to Sheffield's World Student Games to be cleared 33 years on https://www.bbc.co.uk/news/uk-england-south-yorkshire-68361306

 

…and worth every penny for the prestige it brought to the city. Just like it did to the cities of err… err…

 

 

Listened to Clive Betts this morning trying to explain the total debt and how the games "only cost £10M and was paid back in a couple of years". SCC then essentially kept remortgaging the loan to the grand total of £650M

 

So given interest is probably about £40M and the games cost £10M

 

What did the other £600M go on?

"He said it was the additional loans needed to build the various venues which led to the debt and the perception the event had cost so much was wrong because the council had re-mortgaged the original loan to pay for other services over the years."

Don Valley cost £29M to build

Sheff Arena - £34M

Ponds Forge - £40M

 

So can reasonably wipe out £120M if you include the improvements to the Lyceum that Betts was crowing about as part of the money spend

 

So what about the other £480M on "other services"

 

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I was listening to Radio Sheffield today and there.was an item on the Breakfast Show regarding that all the debt that the Council went into to put on the World Student Games in 1991 has finally beem paid off .

Mainly this news item spoke about how much good had come from going into the debt to hold the Games ( ie the Lyceum getting renovated and getting The Arena built etc) however there was no mention about the fact that Don Valley Stadium was eventually demolished and that lots of memorabilia costing thousands of Pounds were left for years unsold in a  warehouse apparently.

I can remember at the time that there was lots of discussions about whether holding the Student Games was a good idea or not,and i personally think that Demolishing Don Valley Stadium is a good  enough reason to say it wasn't .

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