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Monday, February 15, 2010

China's Olympic Bird's Nest On Thin Ice

Beijing's National Stadium is on thin ice - LA Times.

$450 Million cost and it looks like no good way to make money.

An explanation from the WSJ on the Bird's Nest:

The Bird's Nest, for example, has no clearly defined purpose after the Games -- and no roof to protect it during the city's frigid winters and hot, rainy summers.

As a great Los Angeles area resident, I appreciate how the LA Games broke even. From a prestige view point China did an amazing job of hosting the Olympics and showing the world how advanced they are. And a lot of infrastructure was built, but at a cost of $42 Billion Dollars.

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