I'd be interested in seeing what went into that final "cost to the country" tally. Is it just the cash transfer from the government to the RWC? Local government outlays as well? Costs of diverting a substantial part of the Wellington bureaucracy to supporting the RWC? Stadium expenditures, like Dunedin's mess, where the RWC push was a pretty explicit part of the case for building it?
RWC Minister Murray McCully comments:
"Without a doubt, RWC 2011 will generate significant economic benefits for this country for many years to come."
Far from producing a windfall, predicted to be worth between $750,000 and $2.2 million to the city, economic growth actually slowed during last year's tournament.I'll look forward to seeing Sam's paper at the NZAE meetings.
Proponents of the city's involvement, which included two matches, were "overly optimistic", said economic policy analyst Peter Crawford, and some city councillors are asking whether hosting large events is worth it.
The estimates process got it so wrong because it did not balance the likely benefits against the costs, he said.
One of the costs was the extent to which such a major event crowded out other activities.
HT: Hamish Keith