Costs and Benefits Analysis of 2000 Sydney Olympic Games Essay

The Sydney Olympic Games held in 2000 was peradventure one of Australias major investments. The event involved Private, Social and External costs and upbeats.The NSW government experience the Private costs. Financially, the government spent around $1.7 billion dollars on the event, which included the sporting facilities, advancing the citys streets, transport organisation and the village. The takings received for the event, however, was around $6 million. The profits are all the same being made today, as now Sydney is in possession of world-class amenities capable of prop other major sporting events. The government saved on the payment of employees, as most were volunteers. The providence benefited from the spending of tourists attending the Games.The External costs were the rapid growth of homelessness as the housing market see prices climb astronomically from all the publicity of the Games. The Games may agree created a national debt, which subsequently the taxpayers would have had to subsidise. Due to the government having to concentrate their budget on the Games, less money was put into hospitals and schools, which invited much animadversion 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.The well-being of the environment contributed to the cordial costs. Toxic waste was being deposited in the adjacent areas, including the bushland and other natural resources were being spoiled. The social benefits distant outweighed the costs. The major issue confronting the Olympic Games was concerning the relations between European Australians and Aboriginal Australians. Tension was especially attach during the Opening Ceremony when the Aboriginal culture was demonstrated in their acts. This was dispelled, however, when Cathy Freeman completed the last forking of the Torch relay and lit the stadium torch. This helped to 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 achievement and we are still reaping the benefits economically. Thanks to the Games, Sydney is now a desirable and popular holiday destination.