Now that we are immersed in the quadrennial celebration of all things sport, it may be an appropriate moment to stop and examine the true costs of all this hoopla. After seeing exactly what the 2012 Olympic Games is costing London and the British taxpayers, other cities may have second thoughts about bidding on future Olympics. You can certainly build a lot of schools, hospitals, parks, community centers and bridges for $14.6 billion. What would you prefer your tax payments funded ?
- London 2012: suppress your cynicism and let the Games commence | Martin Kettle (guardian.co.uk)
- British bookies taking all kinds of Olympic bets (cbc.ca)
- London 2012 Olympics: what price fleeting joy? For Britons, it’s £9bn | Simon Jenkins (guardian.co.uk)
- What price gold? Tallying up Olympic success (crikey.com.au)
As much as I love the Olympics I agree with you. It’s too bad they can’t figure out a way to turn a profit.