Home \|\| About KDR \|\| Weekly Feature Archive
Olympic venues still losing money The Daily Telegraph VIA StopLying.ca \|\| May 29, 2006 Related - Budget Failure Practically Built into Olympics Related - The IOC has captured Vancouver NSW taxpayers are forking out $42 million a year for Sydney Olympics venues more than five years after the event, while the private sector reaps money from the city's SuperDome stadium. The Sydney Olympic Park continues to be a loss-maker even though the SuperDome, the indoor venue for the 2000 Games, is now the world's second highest-grossing entertainment arena, according to The Daily Telegraph. Sydney Olympic Park alone cost $38 million in government subsidies last year with taxpayers set to foot the bill for another $37 million in 2005-06. Article Posted at www.KnowledgeDrivenRevolution.com Figures from the NSW Department of Sport and Recreation also show an additional $4.2 million in taxpayer subsidies were swallowed up last year at the Olympic equestrian, shooting and rowing facilities, the paper said. Meanwhile the SuperDome took $50.2 million in ticket sales revenue in 2005, but taxpayers won't receive any benefits from this as the complex is owned by PBL on a lease until 2031, it said. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
In Depth What Is Wrong With Canada Recent 9-11 News Suppressed by the Media Aspartame: The Sweetest Killer The Number 1 Reason YOU became a Slave Knowledge Driven Look at Your Favourite Canadian Political Parties
Archive March April May 2006 30 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 01 02 03 Weekly Features 2006 2005 Read Today's Knowledge Driven News

Home || About KDR || Weekly Feature Archive

Olympic venues still losing money

The Daily Telegraph VIA StopLying.ca || May 29, 2006

Related - Budget Failure Practically Built into Olympics

Related - The IOC has captured Vancouver

NSW taxpayers are forking out $42 million a year for Sydney Olympics venues more than five years after the event, while the private sector reaps money from the city's SuperDome stadium.

The Sydney Olympic Park continues to be a loss-maker even though the SuperDome, the indoor venue for the 2000 Games, is now the world's second highest-grossing entertainment arena, according to The Daily Telegraph.

Sydney Olympic Park alone cost $38 million in government subsidies last year with taxpayers set to foot the bill for another $37 million in 2005-06.

Article Posted at www.KnowledgeDrivenRevolution.com

Figures from the NSW Department of Sport and Recreation also show an additional $4.2 million in taxpayer subsidies were swallowed up last year at the Olympic equestrian, shooting and rowing facilities, the paper said.

Meanwhile the SuperDome took $50.2 million in ticket sales revenue in 2005, but taxpayers won't receive any benefits from this as the complex is owned by PBL on a lease until 2031, it said.

Maple Leaf Footer
About KDR | | Home | | Weekly Features Archive