There is an ongoing debate about the value of cities hosting the Olympic Games. And that’s because this is usually how it works: You, the host, spend a lot of money (Tokyo 2021 was over $25 billion), it feels really good during the games while… Read More
All posts tagged “olympic games”
Construction starting at One Delisle
Two quick project announcements today. One, the sales gallery for One Delisle has now officially closed in preparation for demolition and construction (above is a photo from moving day). None of us expected it to close so quickly after only having launched sales in May,… Read More
Cost of the Olympic Games, 1960-2021
There are many reasons why one might want to host the Olympics. Brand building is certainly one. Making some kind of profit is another. But the direct economic benefits aren’t always clear. Embedded above are two recent charts from the WSJ outlining 1) the cost… Read More
Should the Olympic Games be held in the same place every 4 years?
I have argued before that hosting major events, such as the Olympics, can serve as a catalyst for completing meaningful public projects. But there is also an argument to be made that it’s not entirely worth it. The economic legacy is weak. The ROI simply… Read More
The Olympics are dead. Or are they?
https://500px.com/embed.js Early this morning Professor Robert Wright – who is a regular reader and commenter on this blog – sent me an article from The Guardian called, ‘The Olympics are dead’: Does anyone want to be a host city any more? And that got me thinking.… Read More