ksun
Senior Member
As a Vancouverite I can attest that the Olympics are an obscene waster of money and even more so the summer games.
The reality is that the tickets are always so expensive that only the chosen few can really take advantage of the sport. The city turns into an armed camp and those so called long term benefits never materialize. Despite Campbell's claims of all the tourists who will flock to the city after wards, tourism is down from before the games and convention bookings in Vancouver are now down to 1999 levels. It left the city with a huge debt and a few big skating rinks and that's about it. Of course the poor were kicked out of their accommodation thru "renovictions" and their rents went thru the roof.
The Olympics are a huge money maker for real estate developers which is why they always push the games........the taxpayers pay for the upgrades to infrastructure and the real estate companies buy all the land around them, built houses, and then sell them at ridiculous prices. This is why politicians love them, the developers who benefit from the games make sure that that the politicians who pushed them are well compensated.
The winter Olympic Games can't be compared to the summer Olympics. It is a completely different level of scale and world attention. Maybe because we are in Canada so winter Olympics matter more. The fact is most people in the world don't watch or care about the Winter games. The Vancouver games were the first I paid any attention too as before that I was not in Canada. Even the Pam Am games is a lot larger than the winter Olympics.
And without conducting a full cost-benefit study, and only 2.5 years after the games, you can't simply conclude it is an obscene waste of money. There are successful examples - the 2000 Games greatly promoted Sydney's worldwide recognition. Right now, I think it is a perfect timing for Toronto to have one. Too bad we can't have the 2020 one. 2028 just sounds so distant.