Are the Olympics a White Elephant?
January 22, 2009 7:59 AM Subscribe
Do the Olympics pay for themselves in the long run?
posted by qwip to Sports, Hobbies, & Recreation (11 answers total) 4 users marked this as a favorite
For host cities, do the investments to building new infrastructure, facilities, marketing, etc. end up costing them more than if they did not host the games? Do cities use the Olympics to justify urban renewal projects that would never otherwise happen? Are there statistics on the long-term effects of whether or not host cities are better off 10 years or so down the line?
I wonder if the cost of hosting the games is never really recouped, and it seems that the facilities in previous host cities are not always well used (or maintained). What's the attraction if they aren't cost effective?