'Costs and Benefits Analysis of 2000 Sydney Olympic Games Essay\r'

'The Sydney Olympic Games held in 2000 was perhaps genius of Australia’s major(ip) investments. The event involved secret, societal and External costs and benefits.\r\nThe NSW government experienced the Private costs. Financi eithery, the government spent well-nigh $1.7 billion dollars on the event, which include 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 be still macrocosm made today, as now Sydney is in monomania of world-class amenities capable of holding an otherwise(prenominal) major sporting events. The government saved on the payment of employees, as most were volunteers. The economy benefited from the expenditure of tourists attending the Games.\r\nThe External costs were the rapid suppuration of homeless(prenominal)ness as the housing market saw prices climb up astronomically from all the publicity of the Games. The Games may throw away created a national debt, which subsequently the taxpayers would have had to subsidise. collect to the government having to concentrate their budget on the Games, less money was put into hospitals and schools, which invited much criticism from the public. The benefits included the availability of jobs. There was estimated to be about 150,000 full-time and part-time jobs created.\r\nThe well-being of the environment contributed to the social costs. hepatotoxic waste was being deposited in the adjacent areas, including the bushland and other natural resources were being spoiled. The social benefits far outweighed the costs. The major issue confronting the Olympic Games was concerning the relations between European Australians and Aboriginal Australians. Tension was especially mounted during the enterprise Ceremony when the Aboriginal culture was demonstrated in their acts. This was dispelled, however, when Cathy Freeman completed the last leg of the flashlight rel ay and lit the stadium torch. This helped to relieve the ill will between Aborigines and European Australians. Another benefit is the availability of the facilities. The most popular is the International Aquatic core group that is widely used by the suburban Sydney deal and is also admired and used by tourists from all around the world.\r\nOverall, the Sydney Olympic Games was a success and we are still reaping the benefits economically. Thanks to the Games, Sydney is now a preferable and popular holiday destination.\r\n'