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nuraman00
Well-Known Member
They said on the radio that host cities incur a lot of debt, and that the IOC is worse than even FIBA.
They said it was probably good that Boston pulled itself out of the 2024 Olympics.
This article agrees. It also says SLC economic activity fell during the olympics.
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http://roomfordebate.blogs.nytimes.com/2009/10/02/do-olympic-host-cities-ever-win/?_r=0
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This article mentions both positives and negatives in general (not just to SLC, but for the Olympics in general).
When It Comes to the Money, Are the Olympics Worth It?
They said it was probably good that Boston pulled itself out of the 2024 Olympics.
This article agrees. It also says SLC economic activity fell during the olympics.
++++++++++++++++++++++++
http://roomfordebate.blogs.nytimes.com/2009/10/02/do-olympic-host-cities-ever-win/?_r=0
For example, while Salt Lake City’s hotels and restaurants were packed during the 2002 Winter Games, other businesses not directly related the event, like department stores, suffered significant losses in sales. Overall, economic activity the region actually fell during the Olympics.
+++++++++++++++++++++++++++
This article mentions both positives and negatives in general (not just to SLC, but for the Olympics in general).
When It Comes to the Money, Are the Olympics Worth It?