Quote:
Originally Posted by powderjunkie
That ignores operating income though. When you boil it down, the operations will be within a couple hundred million of break-even either way (a million ways to contextualize it to appear either very profitable or a big loser - the truth is somewhere in between.
What we're left with is:
- more than ideal capital spending that isn't necessarily targeted to the highest civil priorities, however, this is offset by achieving otherwise unrealized funding from other levels of gov't
- the less measurable economic and cultural benefits - again, these can be contextualized to be major or minor...the truth being somewhere in between
- one hell of a party
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I’m not touching that analogy (though I will say our Grandma isn’t rich) but the above is only correct ignore you somehow assume that security is not part of the operating costs of the games
The games leave us per the report with 1.7 billion spent on things we will still have after the games. Subtracting that from 3 billion in funding you get an operating loss of 1.3 billion for hosting the games. It’s not a few hundred million either way.
The operations will lose over a billion dollars it’s disingenuous to say otherwise