Who actually wants the Olympics? cnutfeelmylegs ( @cnutfeelmylegs@kbin.social ) Brisbane@aussie.zone • 11 months ago message-square22fedilinkarrow-up128
arrow-up128message-squareWho actually wants the Olympics? cnutfeelmylegs ( @cnutfeelmylegs@kbin.social ) Brisbane@aussie.zone • 11 months ago message-square22fedilink
minus-square dbilitated ( @dbilitated@aussie.zone ) linkfedilinkEnglish3•11 months agoi’ve always heard horror stories of cities paying off the amount of money lost on hosting for decades. i’m worried. here’s an article outlining a lot of what i’ve heard, but of course i’m far from an expert: https://www.cfr.org/backgrounder/economics-hosting-olympic-games (I checked and there are no obvious red flags with the source - https://en.wikipedia.org/wiki/Council_on_Foreign_Relations and https://mediabiasfactcheck.com/council-on-foreign-relations/ ) i’m not sure vic was wrong for pulling out of the commonwealth games, it was a PR disaster but the closer you get the higher the pressure and the more costs can blow out.
i’ve always heard horror stories of cities paying off the amount of money lost on hosting for decades. i’m worried.
here’s an article outlining a lot of what i’ve heard, but of course i’m far from an expert: https://www.cfr.org/backgrounder/economics-hosting-olympic-games (I checked and there are no obvious red flags with the source - https://en.wikipedia.org/wiki/Council_on_Foreign_Relations and https://mediabiasfactcheck.com/council-on-foreign-relations/ )
i’m not sure vic was wrong for pulling out of the commonwealth games, it was a PR disaster but the closer you get the higher the pressure and the more costs can blow out.