I read today that Trinity College, Cambridge are thinking of buying the Millennium Dome. However, the thing that caught my eye was the price - just £20 million.
There are plenty of terraced houses in London that go for over a £1 million. Thus it would appear that the millennium dome is worth approximately 20 mid-priced London homes.
Something is not right here. Either the Dome is under priced, or London property valuations are a tadge inflated. Indeed, it is possible that both statements could be true.
According to the UK National Audit Office, the total original cost of the Dome was £789 million, of which £628 million came from that tax on stupidity otherwise known as the National Lottery. How could it be that a building costing that much money end up being sold for just £20 million?
Given the the lamentable lack of accountability in Britain today, is there any point even asking such a question?