Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I certainly hope so, but there is a question mark over the net benefit.
London is very quiet, much more so than usual. It seems commuters are staying at home, perhaps working or maybe watching the games on TV.
Also retailers and tourist attractions are reporting lower footfalls than usual.
According to the FT the 100,000 Olympic visitors are fewer than the 300,000 normally in London. The Association of Leading Visitor Attractions are saying there is a fall of 35 per cent in tourists.
This does not bode well for this quarter's GDP added to the Eurozone effect.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
oh dear ! the money guys on TV prior to all this and following recent poor results were suggesting that this quarter would benefit from the Olympics...and we would all have a boost. I saw a report where landlords were expecting to cash in bigtime on lettings but many properties have just remained empty. If this aspect is an actual barometer of what is actually happening rather than buying into all the current hype...then BarryW could well be right there. Shudder while ye may...
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
could it be that hoteliers and landlords got too greedy and drove people away?
what we don't know yet is the impact on business after the games, a lot of businesses would have bought tickets for events for their overseas clients.
the games are a great opportunity for business networking as evidenced by the large gathering at the torch event in dover.
Guest 715- Registered: 9 Jun 2011
- Posts: 2,438
We have the eyes of the world on us, if we cannot make this golden opportunity work for us then we have failed.
Audere est facere.
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
By my very rough reckoning, going by the calculated cost of the last jubilee celebrations which cost £3 billion, multiplying £3 billion by 17 days comes out at £51 billion.
Very rough I'm sure and I'd expect the figure to be far higher but then I'm not an economist so what do I know.
There again what do economists know? They always seem to be behind the curve anyway.
Guest 711- Registered: 1 Mar 2011
- Posts: 194
Following on from this, will the hundreds of thousands of pounds spent on the Dover Olympic Torch Event actually benefit Dover?
I would love to be wrong, but I doubt it.
Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
Unfortunately there is always a temporary nature to the huge spending on such events that leave them as a debt rather than as a benefit. With hundreds of thousands spent on staging the sea front event you can go there now and it is no different. If instead of hiring in portable toilets the two toilet blocks had been refurbished there would be a positive legacy. Instead of importing in grown flowers and hanging bunting the underpass could have been refurbished and permanent planters built and planted, another positive legacy. It is not as if there was not notice of the Olympics.
Even in London the huge area redeveloped for the games has a lot of built in redundancy. The MacDonalds (healthy eating for sportsmen?) is designed to be demolished once the whole thing is over. By the end of the year East London could have just another football pitch to show for it all.
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
Guest 670- Registered: 23 Apr 2008
- Posts: 573
A seafront with no public toilets, what a joke, put all the councillors in Barry W stocks, i've got some rotten tomatoes.
If I was a visitor for that very reason, I would never return.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
How can it possibly benefit us?
Estimates vary but I hear its cost us approx £10bn. For the govt to show a profit they will have to recoup tax of £10bn which will equal revenue of £40/50bn (Barry may correct my maths).
Nothing more than a vanity parade for politicians
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
We do have to remember that a lot of the costs, including the Dover event, are covered by the sponsors. I do have some serious doubts though about the cost benefit ratio.
Dave, I appreciate what you say about the stocks!!!! But it is DHB who are responsible for most of the seafront and the provision of loos there not DDC. I suspect that portaloos would be needed anyway Chris.
Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
DHB own the land but the loo's are leased to DDC. I am sure more would have been required but as both DDC and DHB were involved in the event a reasonable compromise could have been worked out to secure a lasting benefit rather than another temporary measure.
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
I think cynics miss the point. The legacy from the Olympics has provided two or three new bins on the promenade.
Not a sporting legacy, I must admit, but in terms of bringing the town regeneration forward, it's a giant step.
I hear that a guided tour of the new bins are in the itinerary of every cruise ship visitor.
It's a shame, however, that using DHB's cost benefit analysis they have decided to remove two of the green litter bins on the beach. Sadly, the only reminder of these once great landmarks, is a 3"x3" piece of wood pointing majestically skywards which were used to secure the bins in their rightful place.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
we don't know how much revenue will come in from ticket sales and television rights yet.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Chris - that's interesting. A change from my day on DDC when the only loos looked after were the ones on the short stretch owned by DDC. The others at the other end were DHB.
Guest 684- Registered: 26 Feb 2009
- Posts: 635
The Olympics are making people feel proud and happy. Not all benefits are can be measured in money. In fact, the most important ones aren't. Nuff said.
Guest 670- Registered: 23 Apr 2008
- Posts: 573
I agree Andrew, lord only knows people are struggling to make ends meet, anything that helps in forgetting the constant gloom of a financial crisis and the cuts we are facing must be a good tonic.
Barry does your twaddle really matter, your lot shut the bloody lavatories and now like a load of stupid kids you can't agree who should be responsible for them.
Quite honestly a group of 15 year old kids would have resolved it by now.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
there is definitely a feel good factor brought by the olympics that will improve if we get a few golds, though the weight of expectation hangs heavily on our competitors.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
What are you talking about Dave. Are you just having a go for the sake of it?
Read the conversation, please...
My lot indeed.
