web analytics

Banks’ olympic-sized madness

Written By: - Date published: 9:31 am, July 1st, 2010 - 36 comments
Categories: auckland supercity, john banks, local body elections - Tags:

The Olympics is by far the most expensive sporting event on Earth. Hosting them can be economically crippling:

Sprinklers still keep the grass at Greece’s Olympic softball stadium green. But four years after the 2004 Games, it sits unused in the middle of a vast, empty parking lot, patrolled by police vehicles…. Many of the venues are still vacant four years later, promised parks never materialized, and new transportation infrastructure has caused problems like flooding and increased traffic, says Mr. Efthimiou. Citizens question the event’s $15 billion price tag most of it paid for by the state.

Greece spent NZD$25 billion (6% of its GDP) on the Olympics. It had to borrow that money. All that debt helped in no small measure to push Greek government debt to its disastrous heights.

“The Games cost too much money, and they destroy the environment,” [Tokyo] Assemblywoman Yoshiko Fukushi told The Associated Press. “Maybe there was meaning back in 1964 (when Tokyo last hosted the Games), when the economic effects were positive.”

Now, desperate to gain some traction in his failing campaign, John Banks has floated the idea of Auckland hosting the Games in 2020. Current minimum estimates for the cost are $18 billion, that’s 10% of our GDP. It’s just too expensive. Hell, Auckland had to withdraw its bid for the Commonwealth Games in 2018 because it couldn’t afford the infrastructure. The Olympics is a black-hole for money that this country cannot afford. That Banks would suggest this nonsense shows how all at sea his campaign is.

36 comments on “Banks’ olympic-sized madness ”

  1. ghostwhowalksnz 1

    Its just a new story to push his lies about the credit card that never was off the newspaper.
    His ‘public ‘media team are doing well, but of course his under hand team of Bhatman and Whale have been busy as well

  2. Lew 2

    Scott Yorke nails this. And that’s just the financial problems. Let’s see how the country copes with next year’s Rugby World Cup, which (generously) might be a tenth of the size of an Olympic games, and will need the resources and infrastructure of the entire country.

    L

    • ghostwhowalksnz 2.1

      For the RWC they have a ‘marketing stasi’ just to enforce the sponsors rights.
      At least the Olympics arent as totalitarian, as of course its the television audience who they are aiming for

  3. G8 3

    Len Browns comment in the Herald today was spot on – something along the line of “flight of fantacy”….then making reference to Banks as the mayor who couldn’t even build a swimming pool in Otahuhu. Go Len you actually understand community and will not just look after the CBD

  4. It would only cost about one year of Auckland’s GDP to run …

  5. G8 5

    PS

    Banks will have Quax in charge of raising the funds for the Olympics because ever cent counts eh Dick especially when it’s for your own pocket!

  6. tsmithfield 6

    Don’t think you’ll get too many arguments from righties on this one. The idea is nuts.

  7. wyndham 7

    @ghostwhowalks.

    Spot on ghost. Sounds like pure Michelle Boag to me. Get the bad news out of sight beneath this load of nonsense. It works too !!

    • Boag is that crazy that it is certainly possible that she is the creator of this idea.

      The politics are silly however. Banks should have taken the damage caused by his hypocritical attack on Len for his credit card use. Instead of that he comes up with this.

      Now not only is he hyprocritical and a trougher but he also supports crazy ideas.

      I hope that no one offers that man a monorail

      • uke 7.1.1

        “I hope that no one offers that man a monorail.”

        Hmmm… maybe it would be a way to get Banks supporting public transport though? Instead of trains, monorails (but not like the stupid Sydney one).

        • Lanthanide 7.1.1.1

          Someone should write to Banks with a genuine-sounding proposition for a monorail, and see if he bites…

  8. Olwyn 8

    We have a small population, and it goes almost without saying that the Olympic games would be beyond our scope. However, looking at South African Complaints about the World Cup, where a guy was stopped from selling some World Cup key rings of his own design, and Tokyo’s and Athens’s thoughts about the Olympics, it looks to me as if big international sporting events are yet another human endeavor slowly being suffocated by modern capitalism. We seem to be heading toward the point where no one will be rich enough to host these events.

    • Lew 8.1

      Olwyn, this sort of argument is made at some length and detail here, if you’re interested.

      L

    • prism 8.2

      Olwyn Thinking about hosting world events like the Olympics, I remember a man I think was Ted Turner previous head of CNN. He was wealthy and bankrolled world events for a while called the friendship games. Does someone know about them? I think they ceased some time ago.

  9. prism 9

    ‘ Citizens question the event’s $15 billion price tag most of it paid for by the state.’

    Sounds like Dunedin ratepayers’ beef about the new Carisbrook on a larger scale.

    • Yeah, seventy five times the scale …

    • marsman 9.2

      And the huge Stadium they want to build in Whangarei for the Rugby World Cup. It will be far too large for any future events. Basically it’s Corporate Welfare with the Corporation calling all the shots.

  10. ianmac 10

    I suspect that the Olympic idea is indeed a deflection strategy as GWWalks says. The right are so good at this. They have a team of planners with ready made “bones” to toss out whenever required to deflect.
    Olympics v Dick Quax hypocrisy? MMM Lets go with Olympics. Mr Findlayson declaration v ANZAC rejection?

  11. Maui 11

    I was in Sydney during the preparation for and staging of the 2K Olympiad. In short, I’d agree with all the posters above.

    I met people from half a dozen countries seeking funding to build ‘the Olympic statue’ .. whatever that is. The only one I saw built was a symbolic abstract piece to commemorate the contribution of Sydney’s Greek community ..

    Stadium Australia, then Telstra Stadium, went bankrupt and is now ANZ Stadium. The underground railway to the airport was built by a private company which went bankrupt after the games and was taken over by the NSW government .. which now has its own fiscal worries.

    There are many stories like that, and that was in a time of boom and optimism. To propose that today, you would need your head read.

    The Rugby ‘World Cup’ will also have its share of surprises.

  12. Ron 12

    This is a “jumping the shark” moment isn’t it.

  13. tc 13

    I can imagine the conversation:
    Boag: look banksie we need you to put this out there to cover up your latest f’up
    Banksie: Do I get piklets and cream tomorrow?
    Boag: yes
    Banksie: Well I’ll do it then…..do I get to wear that mayoral bling also ?
    Boag: Whatever just remember it’s the olympics not the fifa wcup you want
    Banksie: what was the middle bit again?

  14. tsmithfield 14

    Actually, perhaps Banks is expecting that Len Brown will pay for it all on his credit card. 🙂

  15. Draco T Bastard 15

    Now all we have to do is realise that the same is true for hosting the Rugby World Cup. Massive expense for little or no gain and more likely to take the economy backwards.

    • Just ask Hamilton Rate Payers and residents about the costs and inconvenience for the V8 debacle. Incidentally this was also the idea of another, has been, National member.

  16. Mossaman 16

    Banks is really clutching at straws with this one.

  17. roger nome 17

    But the main-trunk line’s still from the 50s,

    and thinking big was never thrifty.

    Still, come watch this albino pacaderm fly,

    Banks and contractors soon ally.

    Fascism’s crutch was corporate welfare,

    free-market fanatics for cutting healthcare.

    Now Farrar and Slater run distraction,

    ‘Cos tubby’s in the trough, and priniples are nowhere.

  18. Tui 18

    Banks has been clutching at straws ever since Len Brown overtook him in the polls.

    What’s next, David ?

  19. pohutukawa kid 19

    Tui – a fishing contest for red herrings

  20. parnellboy 20

    I see Len was miles ahead on the Campbell Live text poll tonight. 45% Brown, 17% John Banks, 38% neither. Not bad result given the couple of weeks of mud that’s been chucked at him.

  21. Campbell 21

    This would explain why the Olympic Movement recently spent 5 days on the parliamentary precinct. Clearly the government is treating it with some seriousness.

Links to post

Recent Comments

Recent Posts

  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    5 hours ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tourism Industry Aotearoa Conference
    speech to Tourism Industry Aotearoa annual summit Te Papa,  Wellington Introduction Nau mai, haere mai Tēnā koutou, tēnā koutou, Ka nui te mihi, ki a koutou. Thank you Tourism Industry Aotearoa for hosting today’s Summit. In particular, my acknowledgements to TIA Chair Gráinne Troute and Chief Executive Chris Roberts. You ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supermarkets announced as Government’s second market study
    The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries.   “Supermarkets are an integral part of our communities and economy, so it’s important to ensure that Kiwis are getting a fair deal at the checkout,” Minister of Commerce and Consumer ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Masks to be worn on Auckland public transport and all domestic flights
    Masks will need to be worn on all public transport in Auckland and in and out of Auckland and on domestic flights throughout the country from this Thursday, Minister for COVID-19 Response Chris Hipkins said today. “I will be issuing an Order under the COVID-19 Response Act requiring the wearing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand signs Regional Comprehensive Economic Partnership
    Increase to New Zealand’s GDP by around $2 billion each year Increase opportunities for NZ exporters to access regional markets Cuts red tape and offers one set of trade rules across the Asia Pacific region New government procurement, competition policy and electronic commerce offers NZ exporters increased business opportunities Prime ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Minister acknowledges students as exams begin
    Education Minister Chris Hipkins has recognised the extraordinary challenges students have faced this year, ahead of NCEA and New Zealand Scholarship exams which begin on Monday. “I want to congratulate students for their hard work during a year of unprecedented disruption, and I wish students all the best as ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Prime Minister meets with key ASEAN and East Asia Summit partners
    Prime Minister Jacinda Ardern today attended the ASEAN-New Zealand Commemorative Summit and discussed with Leaders a range of shared challenges facing the Indo-Pacific region, including: The ongoing management of the COVID-19 pandemic; The importance of working collectively to accelerate economic recovery; and Exploring further opportunities for partners to work more ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Veterans Affairs Summit held in Korea
    A Ministerial Summit on Veterans’ Affairs was held in the Republic of Korea this week. Ministers with veteran responsibilities were invited from all 22 countries that had been part of the United Nations Forces during the Korean War (1950 – 1953). The Summit marked the 70th anniversary of the outbreak ...
    BeehiveBy beehive.govt.nz
    2 weeks ago