The Olympics

The Olympics


News, information and stories about the Olympic Games.

Friday, 27 August 2004

Famine Follows Feast

The party is now almost over, and like all parties, there is a bill which someone is going to have to settle.

In Greece's case, the bill for the Olympics 2004 looks like topping $12BN; that's one hell of a price tag.

The money has been found from state funds, ie the Greek taxpayer will be "coughing up" for this for some time into the future.

The other question that has yet to be answered is this:

"What will a small country like Greece do with all the large Olympic venues that it has built?"

They will cost over $100M a year to maintain.

Christos Chatziemmanouil, president of Hellenic Olympic Properties, noted that a demand will have to be created.


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