Quote:
Originally Posted by La Flames Fan
You have to spend money to make money as a business. I know for my two businesses we put up a lot of upfront costs to make profit down the road.
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Absolutely awesome point, since it allows for a pivot back to the basically unanswerable question:
If spending money on the Olympics generated profit, why aren't more cities tripping over themselves to bid? And in fact, why is the opposite happening? Doesn't seem to jive with the "spend money to make money" argument, probably because the second portion of the argument is 99% unlikely to happen, and more and more people are thankfully realizing it. Until the IOC backs all cost overruns (LOL at that ever happening), it's a suckers bet, period.