this post was submitted on 06 Aug 2023
36 points (97.4% liked)

Brisbane

962 readers
5 users here now

Home of the bin chicken. Visit our friends:

founded 1 year ago
MODERATORS
 

No one I talk with around Brisy wants the Olympics or the high house prices its a scam

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 1 year ago

i've always heard horror stories of cities paying off the amount of money lost on hosting for decades. i'm worried.

here's an article outlining a lot of what i've heard, but of course i'm far from an expert: https://www.cfr.org/backgrounder/economics-hosting-olympic-games (I checked and there are no obvious red flags with the source - https://en.wikipedia.org/wiki/Council_on_Foreign_Relations and https://mediabiasfactcheck.com/council-on-foreign-relations/ )

i'm not sure vic was wrong for pulling out of the commonwealth games, it was a PR disaster but the closer you get the higher the pressure and the more costs can blow out.