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No. Unfortunately, they do not. A city may see a surplus of money publish-closing ceremonies, but for those who embrace all these (at every degree) who help fund the Olympics in any given games, he says no city has profited in the long run from its hosting function in a purely bottom-line sense. Many cities wish to boast of mega-income, but they typically gloss over all the money that the federal government, amongst other contributors, poured in. And that tends so as to add as much as loads. Though that is to not say a city doesn't profit in any means from the Olympics. Earlier than and during the games, native denizens achieve jobs and revenues. Plus, after the Olympics, said metropolis is often improved in a multitude of the way (better infrastructure being but one instance), and people improvements may entice further investment and development. Then, too, billions of persons are uncovered to a locale that they've most likely by no means paid a lot attention to earlier than.

Speak about mega-advertising. On the other side of the coin, though, lots of the Olympic-associated developments can end up as future cash pits. Some venues end up underused following the games, and incur a lot of costs in upkeep. By the identical token, many Olympics depart a city with some severe debt. Montreal, for example, took about 30 years to pay off the debt incurred from its 1976 summer season games. The unique price range for the Athens 2004 video games was $1.6 billion. We're going to fee that at: Super Yikes. My apologies. However I do still suppose it's legitimate that hosting an Olympic Video games is an admirable endeavor, and it does put a metropolis on the map, that's for sure. Plus, residents are sometimes jazzed during, and after, the video games, which is all the time a pleasant aspect to consider. What is China doing to create a inexperienced Olympics? Have 1000's of kids in China been named Olympics? Berkes, Howard. "Olympic Caveats: Host Cities Risk Debt, Scandal." NPR. The brand new York Occasions. Koba, Mark. "The cash Pit That's Grow to be Internet hosting Olympic Games." CNBC. Official Site of the Olympic Motion. Sochi 2014. (Might 4, 2012) http://sochi2014.

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