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Old July 5th 05, 11:52 AM posted to uk.local.london,uk.transport.london
Paul Terry Paul Terry is offline
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First recorded activity at LondonBanter: Dec 2003
Posts: 829
Default Olympic Announcement 'Event'

In message , James Farrar
writes

Do you mean Montreal?


Yes I did, sorry!

That was the last Games to lose money.


Eh? Even Sydney ended up with "a debt that will take a decade to pay off
and unused facilities that require millions of dollars in public
subsidies every year".

The Athens Olympics were initially estimated to cost $1.3 billion. When
the detailed planning was finished, the cost to $5.3 billion. After the
games were over, Greece found it had actually spent some $14.2 billion
and had seriously damaged its economy in the process.

while Greece is saddled with a chain of unused facilities that nobody
wants


Hence the "no white elephants" policy.


That's what they said about the dome

We'll know soon enough...


Yes, I'm keeping my fingers crossed.
--
Paul Terry