Drafted before the route was known, the Leeds budget set aside for the event comes to £3.6m, according to figures released by council chief exec Tom Riordan*.
The budget breaks down as follows: venue costs £70,000; event management £165,000; highways £1,123,600; cleansing £12,000; hospitality £63,000; cycling festival £97,000; and other costs including IT, telecoms, communication, contingency, fees etc. of £2,081,400.
The highways costs were worked out “on a formula basis” before the route was known. Given that the race will be using only about 25 miles of the Leeds local authority’s roads before it heads off into Bradfordian territory and beyond, the figure of £1.1m may well be adjusted downwards, one suspects.
The £3.6m figure is just the budgeted figure worked out last Autumn. What Leeds ratepayers will actually end up paying for the event won’t be known for a while – after the costs are “refined” over the next few months, and after the organisers see who’s going to be up for helping them foot the bill.
“Welcome to Yorkshire and the Yorkshire local authorities are currently investigating a range of funding streams to support the cost of Tour de France so the level of cost to be carried by Leeds City Council and hence its ratepayers is therefore not yet known,” Riordan says.
Welcome to Yorkshire have estimated that hosting the first two stages of the Tour in July next year will cost some £10m overall.
Leeds City Council says the “economic benefit” to Yorkshire from the Tour is expected to be “in excess of £100m”.
* while it’s really good to see that the cost figures have turned up as promised by Mr Riordan in December, I’m a bit baffled at the way they’ve been released – in response to a Freedom of Information Request. Why the council doesn’t just issue a press release on its website giving the figures for all the world to see is a mystery.