July 6th, 2005

What Has London Really Won?

When the announcement was made in Singapore that London had been awarded the 2012 Summer Olympics, the U.K. delegation that was present erupted with cheers. But as far as I'm concerned, it should be the citizens of the cities who were passed over by the IOC -- New York, Moscow, Madrid and Paris -- that really ought to be cheering.

With an exception or two, the Olympics have proven to be a financial sinkhole for the city and country that win the "honor" of hosting the Games. Next up on that fiscal road to nowhere will be London and the U.K., as they embark on a seven-year hitch placating the capricious whims of the International Olympic Committee.

I pity the overtaxed citizens of the U.K. over the next seven years, as I'm sure that national budget will be larded with all sorts of goodies for the Games.

Granted, the Olympics have been the source of more than a few treasured sports memories for me. But as much as I might enjoy some of the coverage, I'm more than happy to see somebody else foot the bill.

One Response to “What Has London Really Won?”

  1. James Mirtle says:

    Besides Vancouver though… right?

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