Shockingly enough, some of the promises made in advance of the games seem to be unfulfilled. Link
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Olympics are just such a bad investment, which is why so many countries are now saying "no."
World Cup and Rio games both were incredible waste of money for Brazil
the most expensive world cup stadium 500 million in brasilla is now being used as a parking lot for buses.
that have to undergo significant infrastructure and facility build outs, especially those that will go un-utilized or underutilized after the games.
they should pick like ten spots (5 winter, 5 summer) and rotate between them, like the Super Bowl does.
this way, every 10 - 20 years or so, the build out will be minor (or less major) and instead of a bad investment, the city will be well prepared and it will probably be a net positive financially.
And those venues will stay current (just my opinion)
Take Atlanta in 1996. Turning blight into public parks and university housing... building new stadiums for sports teams... expanding transportation infrastructure to allow for growth.
The latest big Olympic fails... Athens, Sochi and Rio... are led by governments that perhaps are less experienced in the public-private partnerships needed to sustain the physical plant and legacy of Olympic games.
to land the Olympics, I had wrongly assumed that it was a money maker for the hosting city.
If it ended up costing Brazil money, the IOC really screwed up by awarding it to a nation in need of major infrastructure projects/investments.
Yeah, cut down on the venues like The British Open (golf) does. Allow cities to apply for the venue if they passed all agreed prerequisites.