Sunday, 2 July 2006

Ten pounds each for Albert


Look at this delightful (or hideous, if you have similar taste to me) structure. It's the Albert Memorial. Now riddle me this. This edifice was recently restored, at considerable cost: over £10M. As a Londoner, would you have put a pound in the box to renovate it? As a visitor, would you have paid £10 or more to see the brand new regilded structure? Does it create enough extra economic activity to pay for its cost of capital? Or is it just another Victorian monstrosity which should have been left to die?

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