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Old 15-03-2007   #1
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2012 London Olympics???? WTF

I knew this would happen. The spiraling costs of this public/private waste of money (Olympics 2012). I never wanted this to come to England/London and so did the majority of people I have chatted to about it.

How the hell can they get away with saying that this lemon would benefit the people of this country.

Tell me you moronic bunch of fools in Whitehall, how on this planet will spending ??billions of pounds on a few new stadiums etc for the self gratifing, back patters be of any use to the majority of people in this country.

I hate the Olympics and now I hate it even more. Why not just keep the games in its proper home of Greece.

Rant over.
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Old 15-03-2007   #2
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Re: 2012 London Olympics???? WTF

well i think its good that its being here, sure its alot of money, but this country is quite boring in big events, so i think its good some thing very major is happening in this country
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Old 15-03-2007   #3
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Re: 2012 London Olympics???? WTF

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Old 15-03-2007   #4
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by Stuart DemonD View Post
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Old 15-03-2007   #5
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Re: 2012 London Olympics???? WTF

The spending is going into the economy though, the money spent on buildings, infrastructure etc results in employment. Employee's pay PAYE, companies pay corporation tax etc so some of it is coming back into the system. There is also a lot of income for the hotels, airlines etc who also pay taxes.

People still visit the Olympic stadiums in Australia still and the facilities are still used. It's also a way to promote the UK for external investment and increase tourism, which is a big income for the UK.

It's very difficult to say it cost X amount as it is difficult to judge how much you get back in other area's. As a company we will probably get a fair amount of business from it.

It is also a fun event which is enjoyed by a lot of people.
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Old 15-03-2007   #6
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Re: 2012 London Olympics???? WTF



anyway, heres a little history:

1976 toronto, the bill was so huge it was finally paid in full in 2006

1982 barcelona put the city right up there as the place to go, but are still going to have to pay a debt of about $1billion

2002 athens, a final estimate of between 4.5-6billion, and no sign of the "barcelona" effect that was to have revived the city and made it a top european destination

2006 sydney debt is being paid off at about $30million for another 10 years

i don't think a single olympic project has ever covered its own costs in a reasonable amount of time, nor has its benefit extended beyond lining the coffers of multinational corps
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Old 15-03-2007   #7
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Re: 2012 London Olympics???? WTF

It's impossible to say that for sure, the additional tax from companies involved in the building and operating, employee's and VAT on sales of goods, hotel rooms, restaurants etc together with associated tax like airline tax is not directly linked to repaying the funding of the Olympics. Therefore not all the money gained from the Olympics goes back as repayments. Also the regeneration of a deprived area would have to funded at some point anyway and therefore you should deduct the cost of this from the Olympic costs.

As a company we will make money from the Olympics and as a result will pay more corporation tax, more employee's so more PAYE etc. Non of this is calculated into the revenue from the Olympics.

So I am afraid I don't believe the figures are a true reflection of indirect revenue generated from the Olympics. So you can't say that it hasn't covered the costs in a reasonable time, because there is no way to calulate all the benefits.
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Old 16-03-2007   #8
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Re: 2012 London Olympics???? WTF

To anyone who buys the olympic lottery tickets 28p of off every ticket goes directly to the i.o.c not the london olympics.
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Old 16-03-2007   #9
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Re: 2012 London Olympics???? WTF

I think this country needs to get itself in order before hosting anything like this - it's a disgusting waste of money when there are so many problems here. I feel really sorry for people in London who will be inconvenienced and will end up paying through the nose for this via their council tax
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Old 16-03-2007   #10
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Thumbs down Re: 2012 London Olympics???? WTF

If anyone is going to get some benefit from the olympics it is the people in and around London. Why should the rest of the country have to contribute towards the cost? also why should other good and deserving causes that were recieving funding from the lottery (what it was intended for) now have to get less or none at all? the millenium dome all over again.
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Old 17-03-2007   #11
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by jawkithenoo View Post
If anyone is going to get some benefit from the olympics it is the people in and around London. Why should the rest of the country have to contribute towards the cost? also why should other good and deserving causes that were recieving funding from the lottery (what it was intended for) now have to get less or none at all? the millenium dome all over again.
It has a much wider influence than just London. England hosting the Olypmics is a way for the country to promote itself and also encourage international co-operation. With the current world climate building international relationships is a key task for any country. It had a very positive affect on people's perceptions of Australia as a country and hopefully we will be able to do the same.

You have to look at the bigger picture. That's why countries all compete to get the Olympics.

Also why shouldn't the rest of England contribute, if you check the council tax costs you'll find that some counties receive less goverment funding than others in order that they can support more deprived area's in other parts of the country. So why shouldn't they contribute, in Hampshire they get one of the lowest goverment goverment contributions, which means the residents are paying towards projects in other counties in the UK.

It only seems fair to pay a little back for a project in London, which will in fact benefit the whole country in terms of promoting the UK.
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Last edited by poggy; 17-03-2007 at 10:42.
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Old 17-03-2007   #12
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by poggy View Post
It has a much wider influence than just London. England hosting the Olypmics is a way for the country to promote itself and also encourage international co-operation. With the current world climate building international relationships is a key task for any country. It had a very positive affect on people's perceptions of Australia as a country and hopefully we will be able to do the same.

You have to look at the bigger picture. That's why countries all compete to get the Olympics.

Also why shouldn't the rest of England contribute, if you check the council tax costs you'll find that some counties receive less goverment funding than others in order that they can support more deprived area's in other parts of the country. So why shouldn't they contribute, in Hampshire they get one of the lowest goverment goverment contributions, which means the residents are paying towards projects in other counties in the UK.

It only seems fair to pay a little back for a project in London, which will in fact benefit the whole country in terms of promoting the UK.
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!
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Last edited by jawkithenoo; 17-03-2007 at 15:24.
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Old 17-03-2007   #13
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by jawkithenoo View Post
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!
Exactly, Cornwall recieves very little funding and we are having cutbacks galore.

Royal Cornwall Hospital having to close childrens wards due to lack of money.
Cutbacks to local education.

The list is endless,,,,
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Old 17-03-2007   #14
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by jawkithenoo View Post
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!
london and the southeast raise about 10bn in taxes more than we receive back which goes to places like scotland , wales ,etc.

londoners are paying a levy on their council tax (about 20 a year for the next 10 years i think) which no one else is paying and is an increase i'm happy to pay

the whole profile of the uk is raised which will benefit everyone

the lottery board do a god job wasting money anyway on dubious projects that never produce returns (eden project anyone??)

why shouldn't the uk have the olympics anyway?? we're too ready to put ourselves down . we have the brains and know-how to do an excellent job and besides it only costs half a trident.
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Old 17-03-2007   #15
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Re: 2012 London Olympics???? WTF

Quote Originally Posted by kev1 View Post
london and the southeast raise about 10bn in taxes more than we receive back which goes to places like scotland , wales ,etc.

londoners are paying a levy on their council tax (about 20 a year for the next 10 years i think) which no one else is paying and is an increase i'm happy to pay

the whole profile of the uk is raised which will benefit everyone

the lottery board do a god job wasting money anyway on dubious projects that never produce returns (eden project anyone??)

why shouldn't the uk have the olympics anyway?? we're too ready to put ourselves down . we have the brains and know-how to do an excellent job and besides it only costs half a trident.

Greatest show on earth and I for one will be spectating at as many events as I can afford. This country needs a pick me up and this could be it. As I see it it's a bit of payback for the thousands upon thousands in tax I have paid over the years.
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