For those new to CabbieBlog or readers who are slightly forgetful, on Saturdays I’m republishing posts, many going back over a decade. Some will still be very relevant while others have become dated over time. Just think of this post as your weekend paper supplement.

Committed to Committee (01.02.11)

What’s the difference between the Millennium Dome and the O2 Centre? Well, when the Dome was conceived and built on the Greenwich Peninsular – probably the most inaccessible spot on the planet – the “stuff” the Dome contained was chosen by a committee; worse than that, it was a Government appointed committee. So after deliberating interminably they came up with riveting ideas to pull in the punter, such as Faith: Making of Key Life Experiences, How Shall I Live?

Within one month of its opening it was running at a loss, nobody wanted to enter its canvas portals. Even the charismatic and talented Pierre-Yves Gerbeau could not persuade people to cough up the cash for a visit.

When it closed it was costing over £250,000 a month just to sit there gathering dust. Then the American billionaire Philip Anschutz came along, bought the place and spruced it up and persuaded O2 to sponsor the place to the tune of £6 million. And do you know what? With a government committee allowed nowhere near the place it’s been voted three years running as the world’s favourite popular music venue selling 75 per cent more tickets than its nearest rival. Yes, that’s right, better than Madison Square Garden, Wembley Arena or Sportpaleis in Belgium. An oversized tent in the middle of nowhere surrounded on three sides by water the world’s favourite – amazing.

Roll on a decade and we now have the Olympic Delivery Authority getting their collective knickers in a twist over who will take on the 2012 Stadium in east London.

Now here I should declare an interest – or more accurately – a non-interest, I don’t follow football. Get in my cab and I won’t be regaling you with my opinion of the upcoming transfer window; my interpretation of the offside rule, or for that matter; talking about Beckham’s left foot. What does rather exercise my brain however is how this Government, through its committees, spend my hard earned taxes.

The Olympic Stadium which is expected to cost £547 million and seat 80,000 spectators, who might be expected to pay on average say, £20 per seat per day, and given that the 2012 Olympic Games will last 17 days plus 12 days for the Paralympic Games, £46.4 million could be generated from ticket sales. That is if the Olympian God of profit (Dionysus the God of wine, celebrations and ecstasy possibly) was on their side,but unfortunately that leaves a short fall of at least £500 million.

Now two London football clubs are bidding for the venue. The original design allowed for 55,000 seats to be removed at the end of the 2012 Olympics which seems to be agreeable for West Ham with their smaller gate, but they apparently need a Government subsidy to pay for the Stadium. The other contender is cash rich Tottenham who have promised to redevelop the dilapidated athletics facility at Crystal Palace as part of their bid to take on the Olympic Stadium, which they intend to demolish and rebuild without the running track. Who want to demolish the stadium and as a sweetener is prepared to upgrade Crystal Palace Sports Centre, seems crazy to me. Why don’t Spurs just build a new stadium – in say – Tottenham?

Anyway my advice to both clubs don’t employ a government committee to help you in your endeavours, you’ll be bankrupt before next season.