Wednesday, June 4, 2014

Olympic Hosting City - Problem Solved*

http://finance.yahoo.com/news/bidding-2022-olympics-disaster-because-192953806.html

"The Bidding For The 2022 Olympics Is A Disaster Because Everyone Figured Out That Hosting Is A Total Waste"

Token pic that's closely-enough
related to the Olympics
I don't know if this is true, but it seems like there may be a simple solution: Host it in a city that's already hosted it in recent history. Pick a few cities (e.g. one per continent) that have the infrastructure for it, and cycle through them. If the infrastructure has already been built in a city, then there would be only marginal additional investment costs required (as e.g. stadiums and airports would exist already), and it allows more meaningful amortization of prior investments (i.e. existing stadiums wouldn't be 'white elephants' if they were used regularly for subsequent games). Would make more sense than building new white elephants in some new city every four years (assuming these really do become white elephants). Is there really any rational reason to pick new cities so often?

* You're welcome.

Admittedly, I don't really know much about budget planning for massive global sporting events.

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