The main drawback of hosting the games is the cost. It is
predicted that the total cost of staging the Games will be £2.375bn.
Currently with the funding sources of Council Tax, the National
Lottery, and the London Development Agency, there could be
nearly £500million operating loss. However this deficit
is hoped to be offset by increased revenue from tourism as
a whole – however quantifying this can be difficult.
Lack of long-term jobs
The benefits the Olympics brings to the area are numerous,
however there is a risk that the public is being misled of
the opportunities for jobs, as nearly all of the jobs are
likely to be short-term, and after the games it could leave
the area still with a high level of unemployment.