mquinnjr
Footballguy
http://www.businessinsider.com/2022-olympics-host-cities-2014-5?utm_source=digg&utm_medium=facebook&utm_campaign=Feed%3A+businessinsider+(Business+Insider)
Also, from ABC News: http://abcnews.go.com/International/host-2022-olympics/story?id=23897733
I remember going to South Africa for work a few years ago in 2012, and our co-worker who was driving us pointed at a stadium that hosted some of the 2010 World Cup satellite games near Cape Town. He said, pointing "See that stadium from the 2010 World Cup? We're knocking it down soon. Costs more to maintain than it's worth." I was shocked, and not well versed on the after effects of hosting a large-scale event like a WC/Olympiad. Makes sense, just never thought about it with a cost/profitability frame of mind.
I'm seeing more and more articles pop up on the subject of profitability of hosting an Olympics, etc. large scale event. I guess countries are deciding that hosting an Olympic games or other large event is a (generally speaking) financially bad proposition.
Is the solution to get sponsors to foot the infrastructure bill? You want to be the "official (insert product/industry) sponsor," you need to cover X% of infrastructure costs to have the privilege? I don't know where we go from here, wanted to see what the FFA had to say on it.
Also, from ABC News: http://abcnews.go.com/International/host-2022-olympics/story?id=23897733
I remember going to South Africa for work a few years ago in 2012, and our co-worker who was driving us pointed at a stadium that hosted some of the 2010 World Cup satellite games near Cape Town. He said, pointing "See that stadium from the 2010 World Cup? We're knocking it down soon. Costs more to maintain than it's worth." I was shocked, and not well versed on the after effects of hosting a large-scale event like a WC/Olympiad. Makes sense, just never thought about it with a cost/profitability frame of mind.
I'm seeing more and more articles pop up on the subject of profitability of hosting an Olympics, etc. large scale event. I guess countries are deciding that hosting an Olympic games or other large event is a (generally speaking) financially bad proposition.
Is the solution to get sponsors to foot the infrastructure bill? You want to be the "official (insert product/industry) sponsor," you need to cover X% of infrastructure costs to have the privilege? I don't know where we go from here, wanted to see what the FFA had to say on it.