Field of Schemes
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July 27, 2004

Sydney Games still bleeding money

With the Athens Olympics due to begin soon, the Sydney Morning Herald notes that that city's Games in 2000 continue to cost taxpayers money, with the New South Wales state government spending about $46 million a year (in Aussie dollars) to maintain white-elephant venues. (The privately run Sydney SuperDome, meanwhile, built to host gymnastics and basketball, has filed for bankruptcy.) And that's on top of the estimated $2.2 billion that New South Wales spent to subsidize the Games themselves.

Of course, Sydney still got off easy compared to Athens, where the public bill is expected to near $10 billion. And cities actually compete to host these things?

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