Positive Effects Of The Olympic Games Essay

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Business opportunities for companies
Businesses in New South Wales won A$1bn worth of contracts from the Sydney games and an additional A$300mn was generated by local business. Over 55,000 people received employment related training. If London hosted the Olympic games, thousands of UK firms could be involved in supplying everything from construction to manufacturing, catering to merchandise.

Boost to tourism
The tourist industry won't just boom during the four weeks that the Olympic and Paralympic games actually take place, but for months and years before and after the event.
Price Waterhouse Coopers believe the Sydney games gave Brand Australia A$6.1bn worth of additional publicity and
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With the incremental tax dollars generated by the Games and related activity, the province will have the financial ability to fund important social programs and crucial public services like health care and education.

If Vancouver wins the right to host the Games, the province has pledged a total of $310 million over six years to fund the necessary facilities for the Games. This investment is matched by $310 million from the federal government to cover the cost of construction of new athletic facilities such as a speed skating complex at SFU, hockey arena at UBC and Olympic Villages, as well as upgrading existing facilities to world-class standards. Included in this investment are $110 million in legacy funds to allow the facilities to be maintained and operated for public use after the Games, at no additional cost to the community. The 2010 Olympic Games are fully supported by the provincial and federal governments and private sector. The costs of the investment are shared, and so are the benefits – by the entire province and country.

Tourism and Retail –
The Games provided enormous benefit to Australia's tourism and retail sectors. Highlights in
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