Using a stakeholder perspective the Sydney 2000 Olympic Games are investigated in terms of their economic, social, environmental, knowledge, sporting and political legacies. From a sporting perspective, elite sport in Australia has profited at the expense of sport for all. The sporting infrastructure legacy is improving, but at continued ongoing cost to the New South Wales' taxpayer. Any social impacts that were claimed as a result of the Games appear to have dissipated. However, Australian politicians still believe in a positive Sydney Games legacy.