The Euro 2016 football will
be held in France from June 10 to July 10, 2016. France, which lost
Investigations of the taxpayer, issue published last August but has lost none
of its freshness ...
A new aspect post attacks of November 13, 2015 is still to be considered today:
anti-terrorism measures related to the state of emergency and enhanced security
of cities and stadiums have a cost that is far from negligible . The only
securing the fan zones, these public spaces for fans expected to cost at least
€ 24 million for the duration of the test.
As Vespasian the Colosseum,
local officials we had built oversized stadiums to satisfy their ego. Taxpayers
to foot the bill. Their taste of excess has reached a decisive stage in spring
2010, the year when France learned that the executive committee of (UEFA),
entrusted him the organization of the European Football Championships 2016.
Holding this competition will compete 24 teams playing in 51 games led to the renewal of French stadiums. Four were built in Lyon, Lille, Bordeaux, Nice. And those of Lens, Nancy, Marseille, Toulouse, Paris and Saint-Etienne have been renovated.
Holding this competition will compete 24 teams playing in 51 games led to the renewal of French stadiums. Four were built in Lyon, Lille, Bordeaux, Nice. And those of Lens, Nancy, Marseille, Toulouse, Paris and Saint-Etienne have been renovated.
UEFA exempted from taxes by
the French State
Euro Football 2016 Total cost of projects: 1.7 billion euros for the construction and renovation of stadiums, of which 850 million mixed public-private financing and 290 million from public funds.
To these sums must be added the billion invested in the fan zones or "hospitality zones" located around the sporting arenas and renovation of land transport infrastructure (road + rail). Icing on the cake: France has even guaranteed UEFA that no tax or corporate income tax shall be levied on the body based in Switzerland, and its French subsidiaries. Gift Amount: 300 million.
Euro Football 2016 Total cost of projects: 1.7 billion euros for the construction and renovation of stadiums, of which 850 million mixed public-private financing and 290 million from public funds.
To these sums must be added the billion invested in the fan zones or "hospitality zones" located around the sporting arenas and renovation of land transport infrastructure (road + rail). Icing on the cake: France has even guaranteed UEFA that no tax or corporate income tax shall be levied on the body based in Switzerland, and its French subsidiaries. Gift Amount: 300 million.
The winning cities and those
made "in reserve" also rolled out the red carpet in front of UEFA.
They launched the construction of stadiums whose prices show the distance: they
range from 56 million to Toulouse and Saint-Etienne (renovations) to 450
million for the construction of the Lyon pregnant. Between these two extremes
lies worksites to 267 million euros (Marseille), 184 million (Nice) or 165
million (Bordeaux).
To fund this work, some cities such as Saint-Etienne and Toulouse have opted for a public contracting authority (MOP). The MOP can finance the construction and operation of a stadium that the city rents a club resident. Main risk of this formula that the club fall in the rankings and it will no longer pay the rent for the stadium owner community.
To fund this work, some cities such as Saint-Etienne and Toulouse have opted for a public contracting authority (MOP). The MOP can finance the construction and operation of a stadium that the city rents a club resident. Main risk of this formula that the club fall in the rankings and it will no longer pay the rent for the stadium owner community.
Another funding opportunity:
private. Lyon has chosen this option, leaving the local club, Olympique
Lyonnais (traded) to undertake the construction of the equipment. On closer
inspection, this funding is not 100% private because public authorities
intervened with private investors. Taxpayers pay their share to the great cause
of football: besides the guaranteed 40 million of the General Council of the
Rhone and the 20 million state subsidies, infrastructure work will be very
expensive.
Extending the T3 tram line, parking lot construction, development of the service of the "Stade des Lumières", all for an estimated cost of 130 million euros by the Metropolis, but at 400 million euros by opponents project…
Extending the T3 tram line, parking lot construction, development of the service of the "Stade des Lumières", all for an estimated cost of 130 million euros by the Metropolis, but at 400 million euros by opponents project…
Private public partnership
To finance the construction of their stadiums, some cities such as Bordeaux, Lens and Lille have preferred to sign a public-private partnership (PPP).
This is to entrust the construction of the enclosure to a private operator of the construction that will maintain and manage it for 30 to 40 years on average, a period after which cities become owners. Municipalities using the PPP must pay an annual fee to the operator, eg
4 million per year in the case of Bordeaux. According to a Senate report, the main danger of the PPP is a widening gap between the amount of capital and future profitability, as the City of Le Mans has had bitter experience with his MMArena.
For local authorities, the PPP solution is still tempting, because the sums involved appear to be operating and not investment expenditure, thereby not increasing the overall debt, at least at first.
To finance the construction of their stadiums, some cities such as Bordeaux, Lens and Lille have preferred to sign a public-private partnership (PPP).
This is to entrust the construction of the enclosure to a private operator of the construction that will maintain and manage it for 30 to 40 years on average, a period after which cities become owners. Municipalities using the PPP must pay an annual fee to the operator, eg
4 million per year in the case of Bordeaux. According to a Senate report, the main danger of the PPP is a widening gap between the amount of capital and future profitability, as the City of Le Mans has had bitter experience with his MMArena.
For local authorities, the PPP solution is still tempting, because the sums involved appear to be operating and not investment expenditure, thereby not increasing the overall debt, at least at first.
Euro = taxes
This financial protocol does not dupe the taxpayers who have to pay in cash and immediately: most cities where Euro 2016 will be held, saw their council tax increase sharply in 2015. This is, for example, if Bordeaux (+ 5%) to Lyon (+ 6%), Toulouse (+ 15%), or in Lille (+ 10.5%).
To justify these sacrifices, town halls evoke the economic benefits expected to generate competition. According to UEFA, revenues should reach 1.134 billion for the Hexagon and 178 million VAT, or 1.312 billion euros in total. To have…
Side jobs, the rally could be short-lived. In Germany, the effects related to the World Cup 2006 football, were evaluated at 0.1% growth. 2/3 of jobs created for the event disappeared after the World Cup.
In this mad race to stage the Euro, it is that of Lille (440 million euros), inaugurated in 2012, is perhaps the most toxic to taxpayers. Since 2008, the award for Eiffage instead of Norpac, a subsidiary of Bouygues which offered the same service to 108 million euros less, intrigue.
A report noting the applicant companies was even hacked to cover their tracks, and justice was established in January 2015. Martine Aubry is in the forefront in this case (see interview with Eric Darques in the same number of Investigations the taxpayer), as President of the Lille urban community, the community that led the project.
In Nice, where the Allianz Riviera was inaugurated in 2013, the case also takes a legal turn. At the request of the regional audit, the prosecutor said at the beginning of the year, be made to investigate possible financial irregularities in the PPP forged between the City and Vinci. The town was raided on 23 June ...
This financial protocol does not dupe the taxpayers who have to pay in cash and immediately: most cities where Euro 2016 will be held, saw their council tax increase sharply in 2015. This is, for example, if Bordeaux (+ 5%) to Lyon (+ 6%), Toulouse (+ 15%), or in Lille (+ 10.5%).
To justify these sacrifices, town halls evoke the economic benefits expected to generate competition. According to UEFA, revenues should reach 1.134 billion for the Hexagon and 178 million VAT, or 1.312 billion euros in total. To have…
Side jobs, the rally could be short-lived. In Germany, the effects related to the World Cup 2006 football, were evaluated at 0.1% growth. 2/3 of jobs created for the event disappeared after the World Cup.
In this mad race to stage the Euro, it is that of Lille (440 million euros), inaugurated in 2012, is perhaps the most toxic to taxpayers. Since 2008, the award for Eiffage instead of Norpac, a subsidiary of Bouygues which offered the same service to 108 million euros less, intrigue.
A report noting the applicant companies was even hacked to cover their tracks, and justice was established in January 2015. Martine Aubry is in the forefront in this case (see interview with Eric Darques in the same number of Investigations the taxpayer), as President of the Lille urban community, the community that led the project.
In Nice, where the Allianz Riviera was inaugurated in 2013, the case also takes a legal turn. At the request of the regional audit, the prosecutor said at the beginning of the year, be made to investigate possible financial irregularities in the PPP forged between the City and Vinci. The town was raided on 23 June ...
Good foot 2016…
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