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May 14, 2007

The London Olympics...Waste of Money

We've been told endlessly that it doesn't matter how much we spend on the Olympics for two weeks of runnin' n' jumpin', just feel the regeneration sir!

Err...

The report for the Greater London Assembly is the latest setback for the Games, whose costs have quadrupled to £9.3 billion.

Researchers analysed the impact of events on Athens, Sydney, Atlanta and Barcelona. They found venues "struggled to make their mark" in improving employment and sports participation.

The authors of the report, Prof Gavin Poynter and Dr Iain MacRury, based at the University of East London, said Greece lost 70,000 jobs just after the 2004 Games.

Improvement in sports participation was "mixed, at best", with Sydney experiencing small increases in seven Olympic sports, but a decline in nine.

...

Even in Barcelona, the most successful of the four cities, infrastructure improvements mainly benefited international residents and property investors.

Not to worry though. It'll all be different this time of course, given the sterling abilities of our civil servants. You know, those Rolls Royce minds that actually run the system. For is it not true that the Man in Whitehall knows best?

May 14, 2007 in Your Tax Money at Work | Permalink

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Comments

olympics is a waste of money we have more urgent problems to solve like alternate fuel and deforestation ... whats the use for the country or the world by giving bunch of people gold medal ... an avg person is not going to do swimming just because phelps got 6 golds ... nothing will change except more pollution and waste of 100bn dollar

Posted by: vijay | Aug 15, 2008 8:48:07 PM

olympics is a waste of money we have more urgent problems to solve like alternate fuel and deforestation ... whats the use for the country or the world by giving bunch of people gold medal ... an avg person is not going to do swimming just because phelps got 6 golds ... nothing will change except more pollution and waste of 100bn dollar

Posted by: vijay | Aug 15, 2008 8:48:14 PM

olympics is a hudge waste of money! it may be fun to watch on tv but the truth is...
peoples houses have been torn away! its being made using OUR money ( im sure we'd all preffere to spend it on more important things ). and its only causing more pollution! - all of this just for two weeks, i mean cummon - what will happen after all this is over???

Posted by: shaygala | Sep 20, 2009 10:58:42 AM

olympics is a hudge waste of money! it may be fun to watch on tv but the truth is...
peoples houses have been torn away! its being made using OUR money ( im sure we'd all preffere to spend it on more important things ). and its only causing more pollution! - all of this just for two weeks, i mean cummon - what will happen after all this is over???

Posted by: shaygala | Sep 20, 2009 10:58:43 AM