It’s sad, a real shame and a hell of a waste, but I think it’s the right decision. I doubt anyone making that decision at Sheffield Council is delighted about it.
Local government has been crapped on from a great height funding-wise by the delightful Mr Pickles, with northern, metropolitan ones being disproportionately hit (accepting that the underlying reasons for the systemic constraints might be Gordon Brown’s fault). I’d rather they got rid of things that are, lets face it, luxuries, than cut more needed services for the vulnerable and needy. There are simply more important things for the council to spend money on than expensive, little used athletic stadia.
Longer term, the problem is going to be that councils will have made the “easy” cuts during the life of this parliament, so when there’s further cuts to make after 2015, which seems almost a certainty now, it will be a lot harder to achieve without doing things that will really impact on essential services. When that happens, thoughts of protecting “nice to have” things like world class athletic facilities really won’t seem like an important subject.