Tuesday, December 29, 2009

S.S. ZA Titanic # 2: World Cup 2010 Stadium's Going to Haemorrhage Money....



“South Africa's World Cup stadiums could change the image of Africa forever, or stand as spectacular monuments to extravagance and waste in a country still struggling to spread the fruits of majority rule.”

“Are the new stadiums built for the 2010 World Cup in South Africa, a country where football jostles with rugby and cricket for audience, destined to become white elephants after the month-long tournament? That's the 12.1-billion-rand, or 1.57-billion-dollar question - the cost of five new stadiums in Cape Town, Durban, Port Elizabeth, Nelspruit and Polokwane.”

“The "white elephant" spectre is one that has come to haunt World Cup and Olympic Games hosts.... ”

“Cape Town is set to sign away the R4.5bn Green Point super-stadium - for just R1 a year..... Ralph Malan, a retired engineer and vehement opponent of the [Green Point] stadium, says the project has been “bedevilled from start to finish with official deception of the public”.”

“The stadium is going to haemorrhage money.”

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