It's cost £9billion. Are we going to make a profit? How?
Discussion
Squiggs said:
I know there are 3 oylmpic size prefabricated training pools, identical in every way to the proper thing, starting blocks, lane floats, etc, etc.
I presume things like this can be sold off once it's all over.
Thing is though, there's not a huge amount of demand for olympic spec swimming pools.I presume things like this can be sold off once it's all over.
Same as the Olympic Stadium - as brilliant as it is, when the park's finished there's no call for an 80,000 athletics stadium. They've built it so the number of seats can be reduced afterwards, but even so they're still struggling to sell it on still.
I thought now it has finally started people might stop moaning about the cost, dig anywhere and you will find dirt. I honestly dont know what people expect the UK to do in these times. Look at any company that has a Marketing dept, all they do is spend money even when the rest of the firm is struggling, but its always necessary, just look at it like that.
AJI said:
Have any previous olympic stages made any profit?
(I remember reading a while back that no previous Olympics have ever seen a return on the 'investment' put in).
The Atlanta games tried to, and they were among the worst in modern memory.(I remember reading a while back that no previous Olympics have ever seen a return on the 'investment' put in).
A lot of the cash will already have flowed back to the Exchequer indirectly via contracts placed with UK firms that generate taxable profits, plus a chunk of money that otherwise might have been required to re-build and police Stratford has now been saved.
It will be a massive boost to tourism and the UK's image as a modern nation, and there are hundreds of trade jamborees on the sidelines aimed at getting investment into Britain. A lot of the venues will be re-used for future sports events which will be cash-generators.
I reckon it will have been a good investment, but we may never be able to say "it turned a profit" because a lot of the benefits will be indirect and will not arrive in UK coffers marked "from the Olympics"
Ikemi said:
Tourism? The Opening Ceremony persuaded me to want to visit London and I'm only 25 miles away 
just what the wife said when we watched it, my daughter wants to visit London. both my wife and myself have not gone inside the M25 for the last 20 years. had no need so never bothered before. Only in Bristol ourselves but feel at some point int he near future we all will be visiting London as a family
Ok, it cost £9bn and there are 62.2million of us. That's £145 each, of which we'll recover part of that. I've not idea what we'll recover but there is the benefits that you simply can't calculate. I thought the opening ceremony was amazing and made me very proud to be British.
£145 (minus recoverables) well spent I say!
£145 (minus recoverables) well spent I say!
Yachtworker said:
I thought now it has finally started people might stop moaning about the cost, dig anywhere and you will find dirt. I honestly dont know what people expect the UK to do in these times. Look at any company that has a Marketing dept, all they do is spend money even when the rest of the firm is struggling, but its always necessary, just look at it like that.
preceisely. plus a lot of the money has gone into uk firms and created british jobs. half the structural engineers i know have been working full time on olympic projects for years. If we hadn't bid for the games, there would be an equal number of moaning minnies.
I don't think you can operate a dollar in, dollar out formula for the Olympics. The benefits will be felt for many years I would have thought - and most of it indirect. The American couple who return next year and spend £2k in UK shops (for example).
The feel good factor is worth a fair bit too.
I don't think you can operate a dollar in, dollar out formula for the Olympics. The benefits will be felt for many years I would have thought - and most of it indirect. The American couple who return next year and spend £2k in UK shops (for example).
The feel good factor is worth a fair bit too.
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