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homer said:
Wouldn't the olympics be good for London's economy? Or does the price of the olympics not offset the revenue?


Actually i've seen economic studies that tend to show that's NOT the case.

There was a big push to NOT pursue the World Cup in the US because it was shown that the amount spent usually isn't made back, and then your left with a bunch of stadiums that are never full to capacity or ideal for the things that get put in them.

Well here's a tiny article on it... from the Atlantic... who granted aren't the best when it comes to economics, but i'll look for more sources later.

http://www.theatlantic.com/business/archive/2012/07/3-reasons-why-hosting-the-olympics-is-a-losers-game/260111/