3 ms·
The "city" (government) often loses money on these events, but it is typically a huge influx of capital for businesses in the area. I found the numbers for Expo
by bonestamp2 5y ago
The "city" (government) often loses money on these events, but it is typically a huge influx of capital for businesses in the area. I found the numbers for Expo '86 for example...
Revenues: $491m
Expenditures : $802m
Deficit : $311m
Economic contribution :$3,700m
https://en.wikipedia.org/wiki/Expo_86#Facts_and_figures https://en.wikipedia.org/wiki/Expo_86#Facts_and_figures
- lotsofpulp 5y agoPrivatize the profits, socialize the losses. Seems like a good thing they fell out of fashion in the US.
- bonestamp2 5y agoI wonder what the numbers look like for the Olympics.