At a liitle over 9 billion quid, how much more is the 2012 Olympics going to cost?

Question

http://news.bbc.co.uk/1/hi/uk_politics/7359000.stm

The public accounts committee said ministers were entirely unrealisitic and used wishful thinking when working out costs, nothing new there. Is this cost worth it?

Answer 1

we should never have gone for it in the first place - waste of money - we will never recoup it - that money should have been more wisely spent

Answer 2

as normal the olympic games are staggering. not in what they are but what they cost.

Australia is still paying for it's own costs after all these years.

there is unlikely ever for a profit to be made by any hosting country. It is held purely for the prestige it gives to the politicains who want to show off and be at the centre of attention.

  the man in the street (london) will be paying for it in over 30 years time. Nothing changes ,if we get a new batch of politicians in we will have the new lot baying to get the olympics held again in the UK. it is an very expensive and morally unjustified occasion. It does get however almost every single athlete and competitor to back it and  almost as many politicians. so like the war in Iraq, ect  it really  has no bearing if it is honest,wanted or practicable, if the ruling elite want it, they get it.

As to overall cost you won't get teh real costs until 10 years after it has been held. at the moment predictions are around £12 billion plus.

Answer 3

Lets be positive about it, not negative. Negativity is contagious.

Look what the Olympics did for Barcelona, lets focus more on how much we can make, not how much it costs. It's too late for that now.

Answer 4

£5.9bn overspent already and this is only the start. We ought to back out now and let Paris have it and no, we will never recoup that money, none of our businesses are going to make a profit from it but isn't it interesting to see that there are investigations now in place on how certain contractors have won their business? More a case of who than what you know, just like that other white elephant, the dome.

Answer 5

A little over 9 billion quid.

Answer 6

Well as a matter of "Prestiege", it's Britain's time to invent a non stick frying-pan..

Answer 7

a joke always costs alot

Answer 8

waste of money, why can't lord coe and all his mates cough up the cash , there the ones who seem to want the bloody games ................

Answer 9

Well, if its like everything else related, 10 x the original figure - so I'm guessing close to 90 bn

Answer 10

I am going for 14 billion total. I worry after the Dome, the wobbly bridge, Wembly and the Channel Tunnel that we are going to end up looking very stupid when the 2012 Olympics happens in 2014!. Money is the least of our worries. By the way the good people of Montreal are apparently still paying for their Olympic stadium, I've been there and it is very nice, but it was 32 years ago!

Answer 11

The Govt. told us the whole country would benfit.

Some bloody chance, they only said that as the whole country will have to pay through TAX for London to host this fiasco.

Answer 12

If the Olympic movement and the idea of the Games for all Nations actually survives the Beijing games, Britain is looking at a 80-110 Billion pound drain of resources. Whether one could recoup this from the sale of T-shirts and DVD's is doubtful. My advice? Give it to some other unsuspecting country before its too late.