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Are the Olympics worth it?
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Wolfman Offline
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Are the Olympics worth it?
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Rio spent over $6 billion on the summer Olympics and 6 months later much of the facilities are abandoned. I know Huffington Post isn't the best source but there have been lots of articles like this recently. The London Olympics may be an exception but I remember reading about Russia spending a ton of money to revive an abandoned mining town only to abandon it again 2 weeks later when the Olympics finished.
03-26-2017 09:53 PM
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RE: Are the Olympics worth it?
The quick answer is no. It has become nothing more than a money grab just like the world cup.
03-26-2017 10:12 PM
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_C2_ Offline
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RE: Are the Olympics worth it?
Only if you have the infrastructure more or less in place. If not, then no.
03-27-2017 12:13 AM
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nzmorange Offline
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RE: Are the Olympics worth it?
(03-27-2017 12:13 AM)_C2_ Wrote:  Only if you have the infrastructure more or less in place. If not, then no.

This post is very true.
03-27-2017 12:26 AM
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Wolfman Offline
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RE: Are the Olympics worth it?
I don't see the money grab. Maybe for the IOC. I don't see it for the host country.

On top of the money they already spent, Rio will probably spend a couple more cleaning up/tearing down. There was a ton of negative publicity - corruption, shoddy construction. One athlete said the diving venue smelled like farts. The Olympic stadium and other facilities in China are falling down because they don't use them.
03-27-2017 09:53 AM
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nomad2u2001 Offline
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RE: Are the Olympics worth it?
Not in its current form. You have to build too much.

If I were king of the world, I'd require that host cities/nations have the stadium infrastructure built and in steady use for at least 4 years before the games. If not we should have a backup. I would say 4 years before the bid if I were really serious.

I'd much rather see an existing mid-size stadium get a facelift than see a billion dollar monstrosity that won't draw 8,000 to a rugby match after the Olympics. It should be about your history and culture more than some architects dream.
03-27-2017 10:54 AM
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_C2_ Offline
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RE: Are the Olympics worth it?
They need to host them in one spot, be it Greece or in the US/Canada. The IOC can pay to maintain the facilities. LA, Atlanta, Houston, New York/NJ, Washington/Baltimore, Philadelphia and Chicago either have all of the facilities necessary or in planning.
03-27-2017 12:21 PM
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_C2_ Offline
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RE: Are the Olympics worth it?
And most importantly, they're all in close proximity of each other for people on foot.
03-27-2017 12:22 PM
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Brookes Owl Offline
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RE: Are the Olympics worth it?
(03-27-2017 12:21 PM)_C2_ Wrote:  They need to host them in one spot, be it Greece or in the US/Canada. The IOC can pay to maintain the facilities. LA, Atlanta, Houston, New York/NJ, Washington/Baltimore, Philadelphia and Chicago either have all of the facilities necessary or in planning.

Just think of the bribe money the IOC could get for THAT bid!

To answer the OP...maybe? Several of the games held in the last 30 years or so have made a profit. Some of those required significant taxpayer contributions - not sure how or if those were reconciled - and it's really hard to believe that China made money after spending $44B, but they're making that claim. I suspect it's easier to claim a profit when you classify lots of your infrastructure improvements as not related to the Olympics.

I think if the games can come in the ballpark of a break even (overrun by no more than a few million dollars) it probably IS worth it for the exposure of the city and indirect economic boost. But I agree that handing games to cities totally unprepared to host is a recipe for disaster. Sochi and Rio are terrible examples, but what the hell was Nagano doing spending $10B on winter games?

On the other hand, why did Sydney spend $5BB? That's a major metropolis. They didn't have facilities that could be used/adapted?
(This post was last modified: 03-27-2017 04:54 PM by Brookes Owl.)
03-27-2017 04:50 PM
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PirateTreasureNC Offline
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RE: Are the Olympics worth it?
(03-26-2017 09:53 PM)Wolfman Wrote:  Link

Rio spent over $6 billion on the summer Olympics and 6 months later much of the facilities are abandoned. I know Huffington Post isn't the best source but there have been lots of articles like this recently. The London Olympics may be an exception but I remember reading about Russia spending a ton of money to revive an abandoned mining town only to abandon it again 2 weeks later when the Olympics finished.

I'm leaning towards a NO in the aftermath....

But I wonder what the actual economic impact is for those cities...

IN other words... are most of the bidding cities in need of infrastructure upgrades--even non-event traffic? Do they need new arenas to replace outdated ones? Are they willing to rent them out for post-Olympic things like concerts, office spaces, ect... Do the athletic villages get converted over to housing for residents after the Olympics are over?
03-27-2017 05:06 PM
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