The Olympic Games Could Make Or Break Us. There Have Been

It is evident that hosting the Olympics games is no walk in the park. The countries trusted with this task have to spend billions to make the games a reality. Some people believe that the countries, even after spending billions of dollars benefit from the games, while others believe that the money can be spent elsewhere more efficiently. To reach a conclusion, one must study all of the different impacts in all of the different sectors the games have.

There is an argument as to whether or not the United States should bid to host the Olympic Games. There are many positive and negative reasons as to help decide whether it will be or not be a good idea. Some positive reasons would be improvements in all types of transport, increase potentially in tourism and business activity. Some of the negative aspects would be potential costs and burdens to the community and an increase in costs and taxes. Many people are going back and forth arguing over this topic. The United States should bid to host the Olympic Games.

London is currently hosting the Olympics this year and in preparation back in 2009 the event was predicted to “provide economic gold at a time of economic need,” however hosting the Olympics is an extremely costly business with the upgrades, new sports facilities, and security that it will cost much, much more than expected.

Sports teams, or professional athletic organization, are extremely important institutions within a city or region. They can help connect people with places, and through this loyalty, a sense of civic pride can be seen. Furthermore, the multi-billion dollar industry sports produces effects that can impact individuals and communities. In recent years dozens of new sports stadiums have been built throughout the country, with major funding coming from public subsidies. The aim of this paper is to analyze the positive and negative impacts that come with these subsidies.

There are many factors in every country that transform the impact of the Olympic Games, but in general, the economic costs outweigh the benefits, while the social impacts are mostly positive. As such, countries in general should not host the Olympic Games for their own national interest, but they should first understand the impacts of the Olympics in relation to their own country before making a final

When a country is selected to host the Olympics, they prepare years in advance for the games. Many times new stadiums, housing complexes, and training facilities are built yet the games will only last a few weeks. Billions of dollars are poured into assembling all the necessary components for this giant event but many people argue that all the money being spent on this event could be used to better the nation. For example, when the Olympics were held in Athens, facilities were built from the ground up and looked amazing while in use. However, after the games ended, the venues were hardly used and were just a burden to the country. As a result, countless Greek citizens criticized the government for their poor use of money. To add insult to injury, the money gained from the games did not equal or surpass the money spent, resulting in more criticism from various people. Same situation with Brazil, many areas inside of this country are populated, poor, and rundown but the national government still decided to host the games. Billions of dollars were spent to ready the country instead of actually helping improve it for

Most nations are incapable and unqualified to host such a spectacle as the Olympic games. Every country and their presidents strive to mask their weaknesses and show their strength as an international power. The reasons why these peevish nations are bidding to host the Olympics are expressed through their belief and want to announce their arrival to the world stage. What they do not realize is the time and effort required into hosting such a demanding event. For example, in Rio Olympics Cause ‘Real Problems’ In Brazil, Mario Tama writes, “the popular leftist government that presided over its boom years, began to unravel, as if on cue for the big events”(Fortune International). Obviously, Brazil did not have the economic and political strength to survive hosting both the World Cup and Olympic games within two years of each other. It is imperative for the Olympic Games Board of Directors to perform better when deliberating between their choices of hosts. Most countries end of biting more than they can chew regardless of their economic

The 2002 Salt Lake City Olympics had a dramatic impact on the economy not only the year of the event, but for years to come.

An entertainment or sports event, such as the MLB World Series, has a direct economic impact on the city that hosts the event because the city that hosts events such as these has to go through a series of new expenses and spending in order to be prepared for tourists. For instance, if a city is hosting the MLB World Series, the city is expected to have people from other cities, or even other countries looking for a place to stay during that given period of time. Therefore, companies such as hotels have to undergo a certain amount of spending to make sure that they have enough resources to meet the needs of these tourists. Another example, is that when an event such as the Super Bowl in the NFL occurs in a city, there are certain requirements

"The Olympics are a wonderful metaphor for world cooperation, the kind of international competition that's wholesome and healthy, an interplay between countries that represents the best in all of us,” said John Williams, the composer for theme music for the Olympics (8). The Olympic Games are international sports festivals that began in ancient Greece. The first ancient Olympics can be traced back to 776 BC when people held this religious festival to honour Zeus, the father of all the Greek gods and goddesses. The participants were male citizens from Greece, and these athletes participated in only one event — foot race. Unfortunately, this ancient Olympics did not last forever. The first olympic in 776 BC in Olympia was an significant event

Are the Olympic Games a waste of money? The Olympic Games are an international event where athletes from every country come together to compete. Many fans and spectators attend this event to cheer for their country. The number of spectators keeps on increasing every four years as the event gets more popular. As this is an international event the cost of hosting it is huge. The total output of the 1976 Montreal Games was $1.48 billion whilst the 2012 London Games was a total of $14.6 billion. Stadiums are built for different disciplines, national representatives are invited to perform in the opening and closing ceremony, as a result the stadiums need a high level of security. Where the hosting country receives the money from, whom it will benefit and what it does to the country, will be the three main points I will be covering in this essay.

Sponsor cities of the Olympic Games are wasteful spenders because the cost outweighs the benefits due to excessive spending of billions of dollars used to look alluring to the IOC. The poor use of resources and facilities after the event is over, and the larger cost over profit the city makes overall in the end.

There Olympics games are really expensive. When a city is hosting the Olympics, they tend to go all out for the opening ceremonies and facilities, going over their budget. If the city is going to go over budget, they should that they could make the money back. A perfect example of that is the two thousand four Summer Olympics held in Athens, Greece. Greece was only going to spend four point six billion dollars as that was their official costs. But the prices rose up as

The Olympic Games are a set of friendly competitions that bring countries from all around the world together, but many social, political, and economic problems in the past and present including racial and sexual discrimination and apartheid have prevented the Olympic Games from fulfilling their promise to bring countries together.

Higham (1999) discusses that there are numerous problems, which will be evaluated with hosting an Olympic games such as, development issues, local resident issues, short-term affects, and security issues. In terms of development issues, there is a significant cost dealing with large scale sporting events, and economic benefits are generally received more by big time business interests not the host community. So the host community doesn’t benefit as much as they potentially could by hosting the