Surprise Surprise the Olympics are now forecast to cost more than double the original budget of £4bn. So that is a whopping £9.3bn at latest estimates and we are still 4yrs away from the event.
The whole idea is a nonsense. Sports which hardly anyone plays get millions of pounds worth of funding. Steroid induced athletes (can we really trust anyone who says they are clean after so many scandals!) will parade round a huge stadium that will be pretty much redundant after 2 weeks of use.
Politicians will prance around talking about regeneration. Nonsense. Name me one city that has reaped long term benefits from staging the Olympics (Barcelona at a push) and I'll give you numerous examples of cities burdened by debt & decaying stadiums
Montreal (1976) only paid off the final chunk of its debt in 2006. Sydney (2000) is still forking out some A$40m (£17m) a year to maintain its sporting venues. Londoners will have to find £20 per person per year for 12 years based on the original (!) budget!
Like the millennium dome the Olympics are a plaything for egotistical politicians and welcomed by people who partake in sports that no-one really cares about when compared to football, cricket & even that rubbish game called rugby.
The government will continue to throw money at the Olympics until it is deemed a 'success'. But at what cost? £3bn would buy 158 new primary schools, 6 new 'super'-hospitals. £9bn is a disgrace and a total waste of public funds by the state sector gravy train.
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