KPMG recruited to review Olympic sites
Olympic cost-cutting exercise sees the government bring in the accountants
KPMG is reviewing planned 2012 Olympic venues to see if cheaper existing
sites can be used instead.
The firm was appointed by Olympics minister Tessa Jowell to review a number
of sites, as organisers look to cut costs by more than £150m.
Wembley has been touted as a venue for early rounds of Basketball, which
would cut £90m in costs by avoiding the creation of a temporary structure in the
main Olympic park, reported the Telegraph.
A shooting venue at Woolwich and planned equestrian site at Greenwich are
also being review by KPMG, with a reported expected this month.
Further reading:
Olympics: tax issues for our
athletes