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'Average overrun for Games since 1960 is 156% in real terms' [1]. On the whole, costs of hosting Olympic Games is a net-negative for most cities. I think it is
by roystonvassey 10y ago
'Average overrun for Games since 1960 is 156% in real terms' [1]. On the whole, costs of hosting Olympic Games is a net-negative for most cities.
I think it isn't as popular as it once was in attracting tourists; soccer world cups are probably better for that. Given that this is the case, they should just fix one host city/country and host the Olympics only there. It will save unnecessary expenses, especially for developing nations such as Brazil.
EDIT: Added source here
[1] https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games
- Joakal 10y agoPoliticians talk of lasting legacy but a lot of studies pretty much showed that no one wants to hang around once the Olympics is over. So, to recover the cost, maybe they need to host a really long Olympics?