Pay to play
2006-10-05
Governments fall, and budget deficits rise, but the lobbying
effort for bringing the Summer Olympics to Prague in 2016 or
2020 remains constant. For the Olympic enthusiasts, the
thought that the country might be otherwise too financially or
politically engaged holds no water. The Games will be self-
financing and a boon to the country for years to come, they say.
Critics point to the construction lobby and say the supporters
are more interested in securing the contracts for the preparation
than in hosting the actual event. Perhaps there's a way to satisfy
the critics and, at the same time, test the supporters. Goldman
Sachs is advising Fukuoka, Japan, on its 2016 bid and said that
it's willing to put its own money into paying for the
infrastructure. If Skanska is so keen on having the Olympics in
Prague, let it put up a big chunk of its healthy Czech profits for
making them a stunning success.
[Czech Republic]
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