The Olympics

The Olympics


News, information and stories about the Olympic Games.

Monday, 20 March 2006

The Cost of The Olympics

The Sydney 2000 Olympics are still costing the Australian taxpayers $42M a year, despite the fact that the private sector is now making a profit out of the SuperDome.

The Sydney Olympic Park reportedly cost $38M in government subsidies last year, with another $37M budgeted for 2005-06.

The NSW Department of Sport and Recreation spent $4.2M of taxpayers' money on the Olympic equestrian, shooting and rowing facilities.

The lesson to be learned here is that whenever a politician tells you that the Olympics will make money, don't believe him!

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