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Egos are the origination of they why it can occur. Start with a municipality or country leader looking for ways to cement their "legacy." The leader will ident
by Agustus 12y ago
Egos are the origination of they why it can occur.
Start with a municipality or country leader looking for ways to cement their "legacy." The leader will identify projects in which their name will can be associated to keep them in the forefront of the people using the people's monies. Be it fixed rail, stadium construction for a private team, or putting on an Olymipic event, the leader needs to fulfill their desire to do something.
Once the project, let us use the Olympics, are whispered as a possibility, an exploratory probe is performed; probes can cost anywhere from $100,000 to $1,000,000 as they include analyses of existing facilities and requirements. Elected officials are excited because there is a remote possibility that the Olymipics could be hosted and sign off on the small funds. Bidding takes a couple of million to draw up plans for the facility deficiencies and shuttle the IOC team around the city; the leader gets to hob nob with the IOC team, press photos, other elected officials get to bask in the glow from local newspaper reports. After the national selection, your city needs to be selected to represent the nation, you move on to global selection committee. Repeat the process and you are looking at $16 million dollars for a successful bid, Salt Lake City was the last American Olympic bid I could find.
If you cannot finance this undertaking you need to find investors willing to finance the program; criminal rings are perfect as they can provide liquid assets and assist with the process by leaning on their contacts.
The risk management for the criminal entities:
* Failure to achieve Olympics, still have a leader to approach when the organization needs assistance with an issue, good result
* Success to achieve Olympics, the leader has favored companies to go to for projects during the bid construction process, further cementing the organizations grip, great result.
The United States has the funds at the federal level to contribute to the Olympic proposals after selection is won.
Reference: I was a periphery in the bidding process.