OMG, another Montreal/Atlanta/SaltLakeCity disaster in the works for the OLYMPICS, Vancouver is in the RED !

ROFL ! Those stupid Canadian puck fags. The U.S. should invade Canada now, deport the smelly inhabitants to Cuba, Kyrgystan, Israel, Zimbabwe, and China, and use the land as a nuclear waste dump.

What was the Atlanta Olympic disaster?

Ted Turner and his dumbass Southern country bumpkins blew the security and allowed a Jesus freak to murder Americans. He ruined every athletic achievement at Atl 96. The only thing people remember was that white Jesus Nazi terrorist.

Only a 37 million shortfall, that is peanuts. Heck Montreal's Olympic dept of 1.5 BILLION was so great we only finished paying it off three years ago.

1984: Los Angeles Olympic Games made profits of US $250 million.

1988: Seoul Olympic Games made profits of US $300 million, a record high for a government-run Olympiad.

1992: Barcelona Olympic Games made profits of US $5 million.

1996: Atlanta Olympic Games made profits of US $10 million.

2000: Sydney Olympic Games Organizing Committee generated an income of US $1.756 billion.

2004: Athens Olympic Games ended in a loss.

As has been widely reported, the direct, tangible economic impact of the Olympics on Georgia is between $3.5 billion and $5 billion, with the Atlanta region receiving the vast majority of that sum. Olympics-related short term job creation has been estimated at 80 000 jobs, with State tax revenues from this economic juggernaut pegged at $176 million.

As stunning as the direct economic impact of the Olympics may be, it is not the whole story. When one speaks of the ‘Olympic Legacy’, one also must consider the enormous physical infrastructure investments and the global exposure for Atlanta that continue to yield substantial economic returns. Officials estimate the total investment in physical infrastructure at $500 million. These include new sports and entertainment venues, streetscaping, road improvements, Centennial Olympic Park, more than 50 pieces of public art, redevelopment of the Techwood/Clark Howell public housing project, 2000 student dorm rooms, and major expansion and improvement projects at Hartsfield International Airport.

considering a world wide recession has put nearly everyone in the red, this is not overly surprising nor news worthy.

True, LA has that world class Olympics museum today from the leftover endowment. It houses the official USATF archives. Every Olympics after LA copied the business model that LA Mayor Tom Bradley and Hollywood Entertainment executives used to make the 84 games into the 1st financially successful Olympic Games.

The Salt Lake Olympics were an overwhelming financial success. They were probably the most successful Winter Olympics to date. Furthermore, most, if not all, of the facilities are still in use thanks to sound financial planning. Contrast that with Beijing where most of the facilities remain empty.

Only a 37 million shortfall, that is peanuts. Heck Montreal's Olympic dept of 1.5 BILLION was so great we only finished paying it off three years ago.

Dumbass. It's only the beginning of the red. The expenses are exepcted to far exceed receivables. The shortfalls are going to be a disaster for Vancouver and Canada.

Washouts wrote:

Ted Turner and his dumbass Southern country bumpkins blew the security and allowed a Jesus freak to murder Americans. He ruined every athletic achievement at Atl 96. The only thing people remember was that white Jesus Nazi terrorist.

Ted Turner had nothing to do with providing security. The period during the Olympics was one of the safest in Atlanta in decades. The Centennial Park bombing only killed 1 person. I'm pretty sure more people remember MJ's 19.32 than the bombing. If that's the "disaster" you referred to you obviously don't know what you're talking about.

Athens ended in a loss?

And then some.

Depending on currency fluctuations, the Games cost the Greeks $12 billion over the top and pushed the nation’s public deficit (5.3%) high above the authorised limit within the European Union’s eurozone, which was at three percent.

The scandals caused by SLC was a disaster for the Olympic movement. Sponsors have shyed away since. The worst part was the racism. Only the African IOC members were punished, the Asians and Whites pulled the Asian CARD and the White CARD and got off. The SLC guys were the real culprits and hid behind the Mormon Church.