Quote:
Originally Posted by Joborule
So you aren't gonna host the Olympics, but we're still gonna give you $2 billion to fund renovating and building new facilities, with no big revenue stream to help supplement that in the near future.
Good luck with that.
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Well if we do that we (Taxpayers of all 3 levels of government) actually save about 1 billion dollars but lose the value you attribute to the 3 billion or so in operation spending on the games and world wide branding.
And you don’t have to convert the housing back so that aspect becomes a lot and you can design fit for use facilities so save a pile of money there.
The revenue stream of the games is negative. They cost more to operate and secure than they bring in in IOC dollars and sponsorship.