anybody want to bid?

many countries would give up quiet a lot to be able to host the next big olympics

- brings huge publicity
-brings in a lot of income
- creates jobs in the local economy
- brings in many different types of visitors and tourists.

Overall, if you can get a bid for the Olympics, Take it! it is beneficial fo your citty and sometimes can also be fo your country!




http://www.infobarrel.com/12_Olympic_Sports_That_Have_Ceased_To_Exist

Measuring Impact

It is widely assumed that the Olympics Games have a broad economic impact

and that the Games have an unequivocally positive effect on the host country

and city. More and more cities are now coming forward as Olympic bidders.

The macroeconomic impact of a summer Olympic Games is assumed to be

over US$5 billion. The direct impact of investment and visitation is clear if

short-term. The broader image benefi ts would be proven in the longer term.






http://olympic-updates.blogspot.com/2007_10_01_archive.html

London in Trouble?

In late 2008, the then Olympics Minister, Tessa Jowell questioned whether London's bid to host the Olympics would turn out to be a costly mistake because of the deterioration in the world economy.

"Had we known what we know now, would we have bid for the Olympics? Almost certainly not," she said.

On the one hand, the £9.3bn spent on constructing and hosting the Games is a Keynesian-style boost for the economy. 98pc of the facilities for the Olympics have been built by British companies through contracts worth £6bn.

The £300m already spent on tickets also means the economy is guaranteed to grow by 0.1pc during London 2012, while surveys say overseas visitors will spend around £700m.





http://olympic-updates.blogspot.com/2007_10_01_archive.html

Growth or decline

Cities often tout the economic benefits that hosting an Olympics will bring. But while this is generally assumed to be true, the wide range of estimates - both for the cost and the projected economic benefits - of the ongoing Vancouver Olympic Games suggests that the benefit of loss is not so easy to pin down. The current Olympics has been both warmly embraced and heavily protested, largely on economic grounds, but its still up for debate weather this year will bring income or overall loss





http://www.infobarrel.com/12_Olympic_Sports_That_Have_Ceased_To_Exist

Post-event phase

Although there is general consensus that the economic benefits of hosting the Olympic games are generally positive for years after the Olympics, it is hard to quantify this number. For example, how would the improved productivity of new roads built for the Olympics be calculated for the cities' residents for future years? How would the increase in tourism following the event be calculated, and what amount can be attributed to the increased exposure the host city received?




http://slanchreport.wordpress.com/category/olympics/

Event Phase

The event phase of the Olympics includes an entire year surrounding the actual games. In the period between six months before and six months after the Olympic events, there are certain activities that occur that can be directly attributable to the games themselves. But the majority of the economic benefit during this phase is the arrival of hundreds of thousands of visitors in the form of spectators, sponsors, athletes, media, etc. While we can assume that there may be certain tourists that would avoid the host city during the Olympic games, the dramatic increase in visitors typically results in a net positive effect to the local economy




http://boomtownbeijing.wordpress.com/

Pre-event Phase

The pre-event phase of any Olympics includes the building of infrastructure including new roads, airports or airport enhancements, rail lines, housing (such as the Olympic village), additional hotels, and any other venue or transportation facility deemed necessary for the successful operations of the Olympic games. These additional expenditures are easily calculated, including the number of additional jobs created, output generated, and costs incurred.








http://boomtownbeijing.wordpress.com/