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Multi sport event in Sydney, Australia

The Oxford Olympics Study 2016 estimates the outturn cost of the Sydney 2000 Summer Olympics at US$5 billion in 2015 dollars and cost overrun at 90% in real terms. This includes sports related costs only, that is, (i) operational costs incurred by the organizing committee to stage the Games, e. g., expenditures for technology, transportation, workforce, administration, security, catering, ceremonies, and medical services, and (ii) direct capital costs incurred by the host city and country or private investors to build, e. g., the competition venues, the Olympic village, international broadcast centre, and media and press centre, which are required to host the Games. Indirect capital costs are not included, such as for road, rail, airport infrastructure, hotel upgrades, or other business investments incurred in preparation for the Games but not directly related to staging the Games. The cost for Sydney 2000 compares with a cost of US$4.6 billion for Rio 2016, US$40–44 billion for Beijing 2008, and US$51 billion for Sochi 2014, the most expensive Olympics in history. The average cost for the Summer Games since 1960 is US$5.2 billion, average cost overrun is 176%. In 2000, the Auditor General of New South Wales reported that the Sydney Games cost A$6.6 billion, with a net cost to the public between A$1.7 and A$2.4 billion. In the years leading up to the games, funds were shifted from education and health programs to cover Olympic expenses. It has been estimated that the economic impact of the 2000 Olympics was that A$2.1 billion has been shaved from public consumption. Economic growth was not stimulated to a net benefit and in the years after 2000, foreign tourism to NSW grew by less than tourism to Australia as a whole. A "multiplier" effect on broader economic development was not realised , as a simple "multiplier" analysis fails to capture that resources have to be redirected from elsewhere: the building of a stadium is at the expense of other public works such as extensions to hospitals. Building sporting venues does not add to the aggregate stock of productive capital in the years following the Games: "Equestrian centers, softball compounds, and man made rapids are not particularly useful beyond their immediate function." Many venues that were constructed in Sydney Olympic Park failed financially in the years immediately following the Olympics to meet the expected bookings to meet upkeep expenses. It was only the 2003 Rugby World Cup that reconnected the park back to citizens. In recent years, infrastructure costs for some facilities have been of growing concern to the NSW Government, especially facilities in Western Sydney. Stadium Australia had been considered for demolition in 2017 by then NSW Premier Gladys Berejiklian, citing that the stadium was "built for an Olympics" but not for modern spectators. The plan was scrapped in 2020 during the COVID 19 pandemic. The Dunc Gray Velodrome has also struggled to keep up its $500,000 per year maintenance costs,

Although the Opening Ceremony was not scheduled until 15 September, the football competitions began with preliminary matches on 13 September. Among the pre ceremony fixtures, host nation Australia lost 1–0 to Italy at the Melbourne Cricket Ground, which was the main stadium for the 1956 Melbourne Olympics.

The opening ceremony began with a tribute to the Australian pastoral heritage of the Australian stockmen and the importance of the stock horse in Australia's heritage. It was produced and filmed by the Sydney Olympic Broadcasting Organisation and the home nation broadcaster Channel 7. This was introduced by lone rider Steve Jefferys and his rearing Australian Stock Horse Ammo. At the cracking of Jefferys' stockwhip, a further 120 riders entered the stadium, their stock horses performing intricate steps, including forming the five Olympic Rings, to a Special Olympics version of the theme, which Bruce Rowland had previously composed for the 1982 film The Man from Snowy River. The Australian National Anthem was sung in the first verse by Human Nature and the second by Julie Anthony. The ceremony continued, showing many aspects of the land and its people: the affinity of the mainly coastal dwelling Australians with the sea that surrounds the "Island Continent". The indigenous occupation of the land, the coming of the First Fleet, the continued immigration from many nations, and the rural industry on which the economy of the nation was built, including a display representing the harshness of rural life based on the paintings of Sir Sidney Nolan. Two memorable scenes were the representation of the "Heart" of the country by 200 Aboriginal women from Central Australia who danced up "the mighty spirit of God to protect the Games" and the overwhelmingly noisy representation of the construction industry by hundreds of tap dancing teenagers. Because Bibi Salisachs (the wife of IOC President Juan Antonio Samaranch) was seriously ill and unable to accompany her husband to the Olympics, Dawn Fraser, former Australian Olympic Champion swimmer and member of the Parliament of New South Wales, accompanied Samaranch during the Australian cultural display, explaining to him some of the cultural references that are unfamiliar to non Australians.

A record 199 nations entered the stadium, with a record 80 of them winning at least one medal. The only missing IOC member was Afghanistan, who was banned due to the extremist rule of the Taliban's oppression of women and its prohibition of sports. The ceremony featured a unified entrance by the athletes of North and South Korea, using a specially designed unification flag: a white background flag with a blue map of the Korean Peninsula. Four athletes from East Timor also marched in the parade of nations as individual Olympic athletes and marched directly before the host country. Although the country to be had no National Olympic Committee then, they were allowed to compete under the Olympic Flag with country code IOA. The Governor General, Sir William Deane, opened the games. The Olympic Flag was carried around the arena by eight former Australian Olympic champions: Bill Roycroft, Murray Rose, Liane Tooth, Gillian Rolton, Marjorie Jackson, Lorraine Crapp, Michael Wenden and Nick Green. During the raising of the Olympics Flag, the Olympic Hymn was sung by the Millennium Choir of the Greek Orthodox Archdiocese of Australia in Greek. Following this, Tina Arena sang a purpose written pop song, The Flame. The opening ceremony concluded with the lighting of the Olympic Flame, which was brought into the stadium by former Australian Olympic champion Herb Elliott. Then, celebrating 100 years of women's participation in the Olympic Games, former Australian women Olympic medalists Betty Cuthbert and Raelene Boyle, Dawn Fraser, Shirley Strickland (later Shirley Strickland de la Hunty), Shane Gould and Debbie Flintoff King brought the torch through the stadium, handing it over to Cathy Freeman, who lit the flame in the cauldron within a circle of fire. The choice of Freeman, an Aboriginal woman, to light the flame was notable given the history of human rights abuses against Aboriginal people in Australia. Following her lighting, Freeman was the subject of racial abuse from some Australians. The planned spectacular climax to the ceremony was delayed by the technical glitch of a computer switch which malfunctioned, causing the sequence to shut down by giving a false reading. This meant that the Olympic flame was suspended in mid air for about four minutes rather than immediately rising up a water covered ramp to the top of the stadium. When the cause of the problem was discovered, the program was overridden and the cauldron continued its course, and the ceremony concluded with a fireworks display.

The first medals of the Games were awarded in the women's 10 metre air rifle competition, which was won by Nancy Johnson of the United States. The Triathlon made its Olympic debut with the women's race. Set in the surroundings of the Sydney Opera House, Brigitte McMahon representing Switzerland swam, cycled and ran to the first gold medal in the sport, beating the favoured home athletes such as Michelie Jones who won silver. McMahon only passed Jones in sight of the finish line. The first star of the Games was 17 year old Australian Ian Thorpe, who first set a new world record in the 400 metre freestyle final before competing in an exciting 4 × 100 m freestyle final. Swimming the last leg, Thorpe passed the leading American team and arrived in a new world record time, two tenths of a second ahead of the Americans. In the same event for women, the Americans also broke the world record, finishing ahead of the Netherlands and Sweden. Samaranch had to leave for home, as his wife was severely ill. Upon arrival, his wife had already died. Samaranch returned to Sydney four days later. The Olympic flag was flown at half staff during the period as a sign of respect to Samaranch's wife.

Canadian Simon Whitfield sprinted away in the last 100 metres of the men's triathlon, becoming the inaugural winner in the event. On the cycling track, Robert Bartko beat fellow German Jens Lehmann in the individual pursuit, setting a new Olympic Record. Leontien Zijlaard van Moorsel set a world record in the semi finals the same event for women. In the swimming pool, American Tom Dolan beat the world record in the 400 metre medley, successfully defending the title he won in Atlanta four years prior. Dutchwoman Inge de Bruijn also clocked a new world record, beating her own time in the 100 m butterfly final to win by more than a second.

The main event for the Australians on the fourth day of the Games was the 200 m freestyle. Dutchman Pieter van den Hoogenband had broken the world record in the semi finals, taking it from the new Australian hero Ian Thorpe, who came close to the world record in his semi final heat. As the final race finished, Van den Hoogenband's time was exactly the same as in the semi finals, finishing ahead of Thorpe by half a second. China won the gold medal in the men's team all around gymnastics competition after being the runner up in the previous two Olympics. The other medals were taken by Ukraine and Russia, respectively. Zijlaard van Moorsel lived up to the expectations set by her world record in cycling in the semis by winning the gold medal.

During the Women's Gymnastics All Around, female athletes suffered damning scores and injuries due to improperly installed gymnastics equipment. Gymnasts performing on the vault gave uncharacteristically poor performances and fell. Officials blamed the series of falls and low scores on performance anxiety. It wasn't until Australian gymnast Allana Slater and her coach, Peggy Liddick, voiced concerns about the equipment that officials discovered the apparatus was five centimetres, or almost two inches, lower than it should've been. While athletes were given the opportunity to perform again, for some of them, the damage to their mental or physical health caused by the vault was irreparable. Chinese gymnast Kui Yuanyuan and American gymnast Kristen Maloney both injured their legs while attempting to stick their landings, with Kui needing to be carried to an examination area and Maloney damaging a titanium rod that had recently been implanted in her shin. Romanian gymnast Andreea Răducan ultimately took gold while her teammates, Simona Amânar and Maria Olaru took silver and bronze, respectively.

By rowing in the winning coxless four, Steve Redgrave of Great Britain became a member of a select group who had won gold medals at five consecutive Olympics. The swimming 4 x 100 metre medley relay of B. J. Bedford, Megan Quann (Jendrick), Jenny Thompson and Dara Torres became the first women's relay under 4 minutes, swimming 3:58 and setting a world record, claiming the gold medal for the United States.

Rulon Gardner, never an NCAA champion or a world medalist, beat Alexander Karelin of Russia to win gold in the super heavyweight class, Greco Roman wrestling. Karelin had won gold in Seoul, Barcelona and Atlanta. Before this fight, he had never lost in international competition, had been unbeaten in all competitions in 13 years, and had not surrendered a point in a decade.

Australian Cathy Freeman won the 400 metre final in front of a jubilant Sydney crowd at the Olympic Stadium, ahead of Lorraine Graham of Jamaica and Katharine Merry of Great Britain. Freeman's win made her the first competitor in Olympic Games history to light the Olympic Flame and then go on to win a Gold Medal. The attendance at the stadium was 112,524 – the largest attendance for any sport in Olympic Games history. In a men's basketball pool match between the United States and France, the USA's Vince Carter made one of the most famous dunks in basketball history. After getting the ball off a steal, the 6'6"/1.98 m Carter drove to the basket, with 7'2"/2.18 m centre Frédéric Weis in his way. Carter jumped, spread his legs in midair, scraped Weis' head on the way up, and dunked. The French media dubbed the feat le dunk de la mort ("the dunk of death").

The Canadian flag at the athletes' village was lowered to half mast as Canadian athletes paid tribute to the former prime minister Pierre Trudeau after hearing of his death in Montreal (because of the time zone difference, it was 29 September in Sydney when Trudeau died). The Canadian flag was flown at half mast for the remainder of the Olympics, on orders from both IOC President Juan Antonio Samaranch and Canadian Foreign Affairs Minister Lloyd Axworthy, and as the state funeral did not take place until 3 October, two days after the closing ceremony, so they have enough time to head back to Canada after the Games and attending his funeral.

Cameroon won a historic gold medal over Spain in the Men's Olympic Football Final at the Olympic Stadium. The game went to a penalty shootout, which was won by Cameroon 5–3.

The organisation of the 2000 Summer Paralympics was the responsibility of the Sydney Paralympic Organising Committee (SPOC). However, much of the planning and operation of the Paralympic Games was outsourced to SOCOG such that most operational programmes planned both the Olympic and Paralympic Games.

The organisation of the Games included not only the actual sporting events, but also the management (and sometimes construction) of the sporting venues and surrounding precincts, the organisation of the Sydney Olympic Arts Festival, and the Olympic torch relay, which began in Greece and travelled to Australia via numerous Oceania island nations.

The internal organisation of SOCOG evolved over the phases of the project and changed, sometimes radically, several times. In late 1998, the design was principally functional. The top two tiers below the CEO Sandy Hollway consisted of five groups (managed by Group General Managers and the Deputy CEO) and twenty divisions (managed by divisional General Managers), which in turn were further broken up into programmes and sub programmes or projects. In 1999, functional areas (FAs) broke up into geographic precinct and venue teams (managed by Precinct Managers and Venue Managers) with functional area staff reporting to both the FA manager and the venue manager. SOCOG moved to a matrix structure. The Interstate Football division extant in 1998 was the first of these geographically based venue teams.

The origins of the volunteer program for Sydney 2000 dates back to the bid, as early as 1992. On 17 December 1992, a group of Sydney citizens interested in the prospect of hosting the 2000 Olympic and Paralympic Games gathered for a meeting at Sports House at Wentworth Park in Sydney. In the period leading up to 1999, after Sydney had won the bid, the small group of volunteers grew from approximately 42 to around 500. These volunteers became known as Pioneer Volunteers. The Pioneer Volunteer program was managed internally by SOCOG's Volunteer Services Department in consultation with prominent peak groups like The Centre for Volunteering (Volunteering and TAFE. Some of the Pioneer Volunteers still meet every four months, an unseen legacy of the games which brought together a community spirit not seen before. During the Olympic games, tens of thousands of volunteers (the official figure placed at 46,967) helped everywhere at the Olympic venues and elsewhere in the city. They were honoured with a parade like the athletes had a few days before.

The bid logo was introduced in 1992 and created by architect and designer Michael Bryce. It featured a colourful, stylised image of the Sydney Opera House which is a possible reference to the motif of the rainbow serpent. The official logo was revealed in 1996, and is also referred to as the "Millennium Man". It incorporated similar curves to the bid logo and combined them with a stylised image of a runner to form a torchbearer in motion. The image of the runners composed of two small yellow boomerangs for arms and a larger red boomerang for legs. Over the runner's head is a trail of smoke that represents the arches of the Sydney Opera House. The design process of the official logo, as well as all other aspects of the Olympic Games' visual design identity, was awarded to Melbourne design studio FHA Image Design. The Sydney Olympics brand identity project officially started in 1993, and lasted 7 years. It was also up to FHA Design to prepare the visual identity of the Paralympic Games and this also absorbed some elements as the identification signals and the pictograms.

The official mascots chosen for the 2000 Summer Olympics were Syd the platypus, Millie the echidna, and Olly the kookaburra, designed by Matthew Hattan and Jozef Szekeres and named by Philip Sheldon of agency Weekes Morris Osborn in response to the original SOCOG recommendation of Murray, Margery, and Dawn after famous Australian athletes. There was also Fatso the Fat Arsed Wombat, an unofficial mascot popularised by comedy team Roy Slaven and HG Nelson on the TV series The Dream with Roy and HG. Roy and HG also frequently disparaged the official mascots on their television program.

A total of 750 gold, 750 silver and 780 bronze medals were minted for the Games. The gold and silver medals contained 99.99 percent of pure silver. The bronze medals were 99 percent bronze with one percent silver, they were made by melting down Australian one cent and two cent coins, which had been removed from circulation from 1992 onward. The bouquets handed to medal recipients incorporated foliage from the Grevillea baileyana, also known as the white oak.

The International Olympic Committee awarded Sydney and its inhabitants with the "Pierre de Coubertin Trophy" in recognition of the collaboration and happiness shown by the people of Sydney during the event to all the athletes and visitors around the world. After the games' end, the New South Wales Police Force was granted use of the Olympic Rings in a new commendation and citation as the IOC consideration after having staged the "safest" games ever.

In Tom Clancy's thriller Rainbow Six and its video game adaptation, the 2000 Olympic Games are the setting of a plot by eco terrorists who plan to spread a deadly biological agent through Stadium Australia's cooling system. In Morris Gleitzman's children's book Toad Rage, a cane toad travels to Sydney in a bid to become the Olympic mascot. The Games was an ABC mockumentary television series that ran in 1998 and 2000. The series satirized corruption and cronyism in the Olympic movement, bureaucratic ineptness in the New South Wales public service, and unethical behaviour within politics and the media. An unusual feature of the show was that the characters shared the same name as the actors who played them. In the Cyberpunk and Cyberpunk 2077 video games, the 2000 Olympics are not held due to boycotts from nations such as New Zealand and due to the bankruptcy of the Australian government.