A crucial lesson to be learned from Athens 2004 is the importance of preparing for the long-term impact of hosting the Garnes. I he Olympics left Athens and Greece billions of dollars in debt - the equivalent of €50,000 per family. (To be fair, Greece o far from the only European nation accumulating debt at the time, as the region's subsequent years of financial difficulties showed.)addition, the sports venues that Athens built for the Games - are mostly unused now, but have cost an estimated $775 million in maintenance since the Games ended. For economic reasons not all of this maintenance was kept up, and by 2012 as many as 21 of the 22 venues built for the 2004 Olympics stood abandoned.Despite these results, Athens began its planning on the right foot. Like Barcelona, it identified key strategic objectives for hosting the Games attracting foreign investment, boosting exports, and increasing tourism. (The chance to bring the Games back to their historic roots was another key motivation of the organisers.) However, unlike Barcelona, the stakeholders in the Athens Games did not always cooperate well, with disagreements arising among businesses, government agencies, and political parties. Delays ensued, leading to cost increases. In addition, the events of September 2001 greatly increased the Games' security costs. In the end, the Olympics Cost the equivalent of 5% of Greece's gross domestic product.* Nevertheless, in many ways the 2004 Olympics improved the quality of life for the city. A modern, state-of-the art airport Was built. Public transportation was expanded, resulting in a reduction in both traffic and pollution. Pleasant walkways Were Created to connect key sites in the city's historic centre and are enjoyed today by locals and tourists alike.
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