inspiral + riodejanerio   6

Tim Harford — Article — How do you make the Olympics pay? Fudge the figures
Don’t get me wrong: I loved the London 2012 Olympics. It was a superb spectacle in its own right and there’s an impressive legacy — some great sporting facilities, a lovely park and new housing in a city that desperately needs it. I just doubt that it was worth what it cost. Very few Olympic Games are.
Olympics  economics  critique  Sydney  LosAngeles  RiodeJanerio  Barcelona  Nagano  SaltLakeCity  author:TimHarford  TimHarford  2016 
june 2016 by inspiral
Does Hosting the Olympics Actually Pay Off? - NYTimes.com
But there is strikingly little evidence that such events increase tourism or draw new investment. Spending lavishly on a short-lived event is, economically speaking, a dubious long-term strategy. Stadiums, which cost a lot and produce minimal economic benefits, are a particularly lousy line of business. (This is why they are usually built by taxpayers rather than by corporations.) And even though Brazil, like other recent hosts, has sought to make stadium spending more palatable by also building general infrastructure, like highways and airports, the public would derive the same benefit at far less cost if the transportation projects were built and the stadiums were not. The Los Angeles Olympics were successful, after all, because planners avoided building new stadiums. Barcelona, long neglected under the rule of Francisco Franco, was in the midst of a renaissance that would have probably occurred without the Olympics.
Olympics  WorldCup  economics  ROI  hosting  RiodeJanerio  LosAngeles  Barcelona  Beijing  Sochi  critique  NYTimes  2014 
august 2014 by inspiral

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