The Congress of the South African Trade Unions (Cosatu) in the Western Cape called on city managers yesterday to dismantle Cape Town’s Greenpoint stadium and turn it into low-cost housing, saying that engineers and architects believed it was possible.
The stadium, built for the Soccer World Cup, has been struggling to sustain itself and to host events, largely due to high hiring costs. It has cost the city R44,6m in maintenance each year. The total operating budget was R56,7m in the past financial year, with only R12m expected to be generated by hiring it out.
Concerns have also been growing that a number of other World Cup stadiums around the country such as Mbombela Stadium in Nelspruit and Durban’s Moses Mabhida Stadium could become white elephants, especially given that they are all funded by ratepayers.
http://www.businessday.co.za/articles/Content.aspx?id=175439
You’ve got to laugh.
Boadicea's Chariot 