I live near Lake Placid, which is where the 1980 winter olympics were held. They still use most of the venues for recreational activities and minor league hockey events.
Seen any monster crocs by any chance?

On a serious note, I can see where Tony is coming from, and I agree with his sentiment that we need to invest in space travel.
With regards to the Olympics, it is to athletes what the Nobel Prizes are to scientists. It gives athletes something to look forward to and strive for. There is a craving for athletic competition within our genetic code, as exemplified by the masses who watch sports but don't play them. Sports will always have a place in our civilization, even if it can be construed as wasteful.