Kasz216 said:
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. |
The world cup and the olympics are totally different but I can't be bothered to go into that.
Sydney had an estimated economic benefit of 2.78% of regional GDP. And Chinese officials claim to have profited in $146 million.
I would hope London follow the Sydney trend rather than some doom and gloom outlook.