How has Sydney sustained after the Olympics?

Question

Just after the olympics closed yahoo posted an article on how Athens pretty much fell apart after the olympics. After reading the article it made me wonder how Sydney is doing after the olympics. As well i would like to be referred to a website that could possibly have photos of the olympic villages.

Answer 1

Sydney kept the momentum rolling after the Olympic games- there was a tourist and real-estate/ development boom during the aftermath. The Olympic villages were sold as homes to the upper middle class yuppies for quite a tidy sum. It's how you manage the life cycle costs of your assets.

Athens was honestly very badly managed, even the construction project delivery was screwed up.  

Answer 2

Sydney planned its Olympic facilities to be an asset used well into the future beyond the games.   The athletes village became Sydney's newest up market suburb now called Newington.   The main Olympic stadium was designed from the outset to have those huge open air tiers at each end removable after the event.   So the stadium went from a 100,000 seat venue down to 80,000 seats.  This sized arena had been sorely lacking in Sydney for many years and is now in constant use.  It is home for major sporting teams in Rugby League and Aust. Rules Football, and visiting major cultural events like rock bands and the like.   At least half of the smaller Olympic facilities are now owned and operated as the venue for the annual Royal Agricultural Show.  They moved there after the NSW government sold the old show grounds south of the city centre to Fox Studios for major redevelopment.   The Olympic park authority has also improved the site by turning other available land into a business park development.  Many of the remaining sporting venues, the Aquatic centre for instance, are still being used for what they were designed for.   Sporting groups across the city still make full use of them. There isn't a part of the Olympic site that isn't being used today.

It should also be said that the Sydney games were fully funded and paid up before the event even occurred.   Not a cent is owed for having hosted the games.  The fact is, we made a nice tidy profit from it.   Even the Paralympic games held afterwards were televised across Australia, and to the world, (the first time in the history of those games) .  We charged for every seat, and the vast majority of seats were filled.   In most other Olympic games they couldn't give them away.  Australia not only held a friendly games, but an economically viable one too.