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.