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Sold to the lowest bidder.
The O2 (formerly the Millennium Dome)
The O2 (formerly the Millennium Dome)
Date: 20/12/01, updated on 20/12/01 (941 review reads)
Advantages: Its nearly gone
Disadvantages: Still wasting millions
The supposed new owner of the ill-fated Millenium Dome who had bought one of London’s most prominent landmarks is American and a billionaire. Now that sounds a little familiar don’t you think and lets just hope he’s got what he actually wanted this time.
But unlike London Bridge and the three hundred thousand that American paid for it, the Dome sadly wont be shipped out to the Arizona desert for fat Tourists to drive their winabagoes over.
Plenty of water has passed under that and this metaphorical one as Blair tries desperately to off load it gracefully.
The new buyers have apparently picked it up for nothing along with the prime land that has been sterilized and regenerated just for the dome project. Not many moneymen will ever get that type of deal and the government of the day doing the spring-cleaning.
If they did, it would have been sold on January 1st 2000 to a queue around the world. Well he is an oilman so im sure theres a nice deal on the Afghani pipelines when it flows for the return favor.
All they have to do is split any profits fifty fifty and use the Dome as an entertainment center for pop and sports events etc. They are talking Madonna and Elton John, but it could just be Chakka Khan and girls hockey schools final on some of those rented plastic seats from the Badminton horse trials.
As long as they don’t pull it down too soon and make Blair look a knob, i think New Labor and Lord Faulkner would take any deal to off load the bunkle. Everyone’s a winner.
That means they can put on two shows a year whilst they concentrate on whacking up executive apartments and business parks whilst New Labor continue to surreptitiously subsidize the white elephant with our taxes.
The project is not expected to turn a profit until 2003 as the Dome continues to cost half a million a month to keep open and secure. Guess who’s paying for that also.
When it was opened, its calculat
ed that it has so far cost 107 pounds per visitor in subsidy alone.
It was a nice idea in practice to celebrate the new millenium but with all great museums, you need decent wow wee artifacts to keep the punters happy. The problem with the contents of the structure is they had no meaning to anyone and were just filling in a cheap kebab.
If someone gives you a clean sheet of paper but no subject to theme to you are bound to come up with a pile of nothingness.
If the whole project was geared towards and exclusive to the Middle Classes then I feel it would have been a success, as it then would have had the tag of exclusivity they flock to like opera or art. But as it was ambiguous in its flavor and direction it had to please all social classes. In the end it only appealed to camera happy Japanese tourist and bored energetic school kids.
British society needs to be told what’s good for them and their social class. The New Tate is full of pretentious modern art, but no one questions their massive lottery grant and contents as its all ready found its place in culture.
The lottery tax slush fund to governments and quangos was always going to be the problem as the arty gits who stuffed the dome were given a blank cheque. Without financial constraights and the involvement of London’s over zealous pricing stadium and entertainment builders the cost could have been a fifth of what it was.
The Wembley stadium fiasco is also down to the over zealous capital contractors who rub shoulders with politicians and lobby firms looking to whack up the costs way over London waiting. Cardiff away from the glitteratti put up the Millenium stadium for a 120 million less than a year.
The national stadium, like the national embarrassment, (the dome), is already heading for a billion dollars, most of that going to lawyers and greased palms.
The Dome would have never been conceived without the unaccountable lottery money and the th
ing wouldn’t be standing there sticking two fingers up to New Labor and Blair.He staked the parties name and reputation on it when he took it on from the Tories and now just wants it gone.
Theres no way the new guys are going to use it as a sports venue and a going concern and wont take long to deck it and throw up lots of handsome real estate.
Tony Blair is totally unaware though that we don’t care if he f**d up building this project and he should swallow some humble pie and be done with it.
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