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Are there any recent examples of the costs of hosting an Olympics paying very clear dividends over time, such that the costs of hosting the event were definitel

Are there any recent examples of the costs of hosting an Olympics paying very clear dividends over time, such that the costs of hosting the event were definitely worthwhile for the hosting city?

dpflan 8y ago
You piqued my interest. I would check this out and the effect of hosting the World Cup: 1. Economic Impact of the London 2012 Olympics (https://opus.lib.uts.edu.au/handle/2100/994 https://opus.lib.uts.edu.au/handle/2100/994) 2. Analysis of Impacts on China's Economy of 2008 Beijing Olympic Games (https://ieeexplore.ieee.org/document/5369536 https://ieeexplore.ieee.org/document/5369536) 3. The Economics of Hosting the Olympic Games (https://www.cfr.org/backgrounder/economics-hosting-olympic-games https://www.cfr.org/backgrounder/economics-hosting-olympic-g...) 4. Google Scholar Search: https://scholar.google.com/scholar?hl=en&as_sdt=0%2C11&q=economic+impact+of+hosting+olympics&btnG= https://scholar.google.com/scholar?hl=en&as_sdt=0%2C11&q=eco...
phamilton 8y ago
Salt Lake City https://en.wikipedia.org/wiki/2002_Winter_Olympics#Economic_effect_of_the_2002_Winter_Olympics https://en.wikipedia.org/wiki/2002_Winter_Olympics#Economic_...
Rebelgecko 8y ago
The previous times it was in Los Angeles
RandallBrown 8y ago
I don't know about the dividends over time, but many olympics turn profits. https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games
- justin66 8y ago
  That chart is good, at least as a start for further research. I'm not sure how much rigor some of the linked to sources really exhibit, but it's a start. I'd heard the Athens Summer Olympics was a disaster but putting a number on it is pretty sobering.
kamaal 8y ago
>>Are there any recent examples of the costs of hosting an Olympics paying very clear dividends over time Getting quality trained human resources is the biggest dividend. Use the facilities to train top quality athletes, or you have to get them from other countries. Even in other projects. Like say space projects, one of the biggest goals of any big budget project is to train human resources. It takes billions to produce rocket scientists, 400m gold medal swimmers. There are more than ethical reasons why they put ejector seats in fighter planes. Training human resources and producing the right people for the job is an expensive enterprise, replacing them is even more expensive and harder.

Are there any recent examples of the costs of hosting an Olympics paying very clear dividends over time, such that the costs of hosting the event were definitely worthwhile for the hosting city?

dpflan 8y ago

You piqued my interest. I would check this out and the effect of hosting the World Cup: 1. Economic Impact of the London 2012 Olympics (https://opus.lib.uts.edu.au/handle/2100/994 https://opus.lib.uts.edu.au/handle/2100/994) 2. Analysis of Impacts on China's Economy of 2008 Beijing Olympic Games (https://ieeexplore.ieee.org/document/5369536 https://ieeexplore.ieee.org/document/5369536) 3. The Economics of Hosting the Olympic Games (https://www.cfr.org/backgrounder/economics-hosting-olympic-games https://www.cfr.org/backgrounder/economics-hosting-olympic-g...) 4. Google Scholar Search: https://scholar.google.com/scholar?hl=en&as_sdt=0%2C11&q=economic+impact+of+hosting+olympics&btnG= https://scholar.google.com/scholar?hl=en&as_sdt=0%2C11&q=eco...

phamilton 8y ago

Salt Lake City https://en.wikipedia.org/wiki/2002_Winter_Olympics#Economic_effect_of_the_2002_Winter_Olympics https://en.wikipedia.org/wiki/2002_Winter_Olympics#Economic_...

Rebelgecko 8y ago

The previous times it was in Los Angeles

RandallBrown 8y ago

I don't know about the dividends over time, but many olympics turn profits. https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games

justin66 8y ago
That chart is good, at least as a start for further research. I'm not sure how much rigor some of the linked to sources really exhibit, but it's a start. I'd heard the Athens Summer Olympics was a disaster but putting a number on it is pretty sobering.

kamaal 8y ago

>>Are there any recent examples of the costs of hosting an Olympics paying very clear dividends over time Getting quality trained human resources is the biggest dividend. Use the facilities to train top quality athletes, or you have to get them from other countries. Even in other projects. Like say space projects, one of the biggest goals of any big budget project is to train human resources. It takes billions to produce rocket scientists, 400m gold medal swimmers. There are more than ethical reasons why they put ejector seats in fighter planes. Training human resources and producing the right people for the job is an expensive enterprise, replacing them is even more expensive and harder.