Final cost for failed TT World Series spikes

Wed, 18 Nov 2015

Minister for Economic Development Laurence Skelly

Failed plans for a TT World Series have ended up costing taxpayers an additional £82,000.

Originally the Department of Economic Development claimed it had splurged over £250,000 on research to see whether or not the idea was feasible.

However in Tynwald yesterday Minister Laurence Skelly revealed that the final figure was actually £332,000.

Mr Skelly conceded that it's as a result of cost overlap: