Originally posted by: silverpig
Originally posted by: Amused
He mistook the 1976 Montreal Olympics for Vancouver.
If you look at the 76 Olympics, they were a financial disaster for Montreal.
So no, he wasn't making shit up. He just got the city name wrong.
The Olympics were a financial disaster for Montreal, as the city faced debts for 30 years after the Games had finished. The Quebec provincial government took over construction when it became evident in 1975 that work had fallen far behind schedule; work was still under way just weeks before the opening date, and the tower was not built. Mayor Jean Drapeau had confidently predicted in 1970 that "the Olympics can no more have a deficit than a man can have a baby", but the debt racked up to a billion dollars that the Quebec government mandated the city pay in full.
The Olympic Stadium, a daring design of French architect Roger Taillibert, remains a lasting monument to the huge deficit and as such is known as the Big Owe; it never had an effective retractable roof, and the tower was completed only after the Olympics. In December 2006 the stadium's costs were finally paid in full.[5] The total expenditure (including repairs, renovations, construction, interest, and inflation) amounted to C$1.61 billion. Today, despite its huge cost, the stadium is devoid of a major tenant, after the Montreal Expos moved in 2005.
http://en.wikipedia.org/wiki/1976_Summer_Olympics
So, um, blog fail and thread fail.
Oh, actually, he mistook the Vancouver Olympics for McDonalds. And when he said a billion dollar loss, he meant a billion dollar profit. Yeah.
And why talk about the '76 olympics with a $1bn loss when he could have gone more recent and talked about the '84 LA olympics making a $250m profit?
Seoul '88 made $300m.
Barcelona '92 made $5m.
Atlanta '96 made $10m.
Sydney '00 made $1.75 billion.
Athens '04 posted a loss (not sure how much).
Not sure on Beijing either.
So yeah, let's focus on an olympiad from 30+ years ago, and fuck up the name.
He's still a tool.