The Legacy of the Olympics 2012 Essay

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The costs of the Olympics were truly high. it was estimation of ?2. 4 million in 2005 to?9. 3 billion now. The mean overspend is 179 % . The games will animate people to exert more. The London 2012 had more disadvantages. Some people might differ to this statement as they might believe they had more benefits than disadvantage. The Olympic Games have some benefits like the bowl we can utilize the bowl for other athleticss and will hold a path or we could sell the bowl for illustration football group. The stakeholder had batch of benefits similar McDonalds as they were selling at that place nutrients which will do a net income and they had them advertisement in the Olympics as at that place other stakeholder did. The 2012 games were a existent inspiration to other as they work so difficult to accomplish their ends. Other people will look up to them as how much they worked to accomplish that end. Because of the Olympics London got a better travel system in London which is more efficient. Another long term benefit is the 5. 000 places which they used as the Olympic small town. The whole of UK had an addition of touristry through the season of Olympics. This is a benefit as the state would hold made money e. g. selling goods. cost of hotel etc. The Olympic gave batch short term occupations of people who were unemployed. Stanford had high unemployment degree ; this should hold given occupations to people who were unemployed. It will besides promote athletics in the universe ; this will do people fitter and healthier. The chief thing is we made history.

They will ne’er bury the minute when Great Britain was on topographic point visible radiation for the month. That would hold made the universe talk about Britain and how capable they are for such an event as the Olympics. On the other manus there are jobs associated with the Olympics. The chief drawback of hosting the games is the cost. It is predicted that the entire cost of presenting the Games will be ?2. 375bn. Presently with the support beginnings of Council Tax. the National Lottery. and the London Development Agency. there could be about ?500million operating loss. The chance cost could hold been to construct infirmary or school. This would hold helped tonss of people who truly needed this as the don’t have these installations or the infirmaries or schools could be updated where it is damaged or acquiring old. But the games have left now and the short term occupations have finished now. But if we have chosen the chance cost we would hold had long term occupations like instructors. physicians. nurses etc. We wasted a batch of money of the security ( G5S ) they didn’t train adequate security for the games. The ground forces covered
around 3. 500 to cover the deficit on a ?284m contract G5S were meant to supply 10. 400 security guards. We won’t be doing a loss of money as we didn’t sell all the tickets which were be aftering to sell. Another cost is that we are selling our Olympic bowl to Tottenham Hotspur FC. They will so pulverize most of the bowl this could intend that we are pulverizing our memory’s about London 2012 Olympics. Now the Olympic is over. some of the bowls will be demolished wholly which is a waste of money that spend. In decision I think the London 2012 Olympics is a disadvantages because we merely wasted our money to construct bowls but now they are merely traveling to pulverize them is merely a waste of money as they are non maintaining them. They besides didn’t sell all the tickets because they were scared of terrorist onslaughts. But it is excessively early to state if the Olympic games were a benefit

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