Portugal’s Hangover

Portugal hosted Euro 2004, a unbelievable match with a shock winner in Greece. However because the monetary disaster unfolds, some Portugese really feel a tinge of remorse over the expense concerned. Not simply the capital prices of constructing “seven trendy stadiums from scratch” and renovating three others*, but additionally ongoing upkeep bills:

Second-division Beira Mar can’t afford the maintenance of a 30,000-seat, $94 million municipal stadium in Aveiro, whereas first-tier Uniao de Leiria doesn’t have sufficient income to keep up town’s $120 million enviornment. On the south coast, lower-league groups Farense and Louletano depend on taxpayers’ cash to bankroll the $61 million stadium they share.

Some are calling for the stadiums to be demolished. The bloomberg story breaking this information notes that this can be related to Ukraine and Poland, cohosts of Euro 2012, who appear cautious of overspending. A consultant of the soccer gamers union claims that the complaints over stadium bills are simply political posturing, and certainly if a lot of the prices are sunk, to could also be environment friendly to maintain issues as they’re. However calling consideration to $100 million investments that at the moment are utilized in, for instance uncommon methods, is probably a political assertion price making:

Municipalities are discovering different makes use of for stadia. The Leiria stadium, whose annual electrical energy invoice this 12 months might be about 111,000 euros based on printed accounts, hosts company occasions. Rooms on the Faro-Loule stadium are getting used for non permanent lessons as an area faculty is renovated. In Coimbra, the municipal stadium will stage a live performance by rock band U2 in October.

Nonetheless, the scenario is unsustainable, based on Pereira, the Aveiro deputy. He stated the city ought to think about demolishing its stadium.

“It was a mistake constructing it within the first place,” Pereira stated. “Now we now have to do one thing about it.”

Perhaps Bono can determine one thing out.

* reported right here

A tip of the hat to Allen!

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