Costs and Benefits Analysis of 2000 Sydney Olympic Games.
Date Submitted: 02/12/2002 16:09:39
The Sydney Olympic Games held in 2000 was perhaps one of Australia's major investments. The event involved Private, Social and External costs and benefits.
The NSW government experienced the Private costs. Financially, the government spent around $1.7 billion dollars on the event, which included the sporting facilities, advancing the city's streets, transport organisation and the village. The takings received for the event, however, was around $6 million. The profits are still being made today, as now Sydney is
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relieve the hostility between Aborigines and European Australians. Another benefit is the availability of the facilities. The most popular is the International Aquatic Centre that is widely used by the suburban Sydney people and is also admired and used by tourists from all around the world.
Overall, the Sydney Olympic Games was a success and we are still reaping the benefits economically. Thanks to the Games, Sydney is now a desirable and popular holiday destination.
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