And yet cities end up losing money when hosting the Olympics most of the time.
In general, the revenue brought in from the games does not equate to the money put out by the host city. London generated $5.2 billion in revenue against its $14.6 billion spent, said Investopedia. In 2010, Vancouver spent $7.6 billion on the Olympics but brought in only $2.8 billion. In 2008, Beijing’s $42 billion investment generated revenue of just $3.6 billion. In fact, every Olympics since 1960 has been over budget, and an analysis from the University of Oxford found the games overrun their costs by an average of 172%. Los Angeles in 1984 remains the “only host city that realized a profit from the games,” Investopedia said, but this is largely “because the infrastructure required of them already existed.”
Most of the new facilities are constructed with wood and recycled aluminum, and the plans at the end are to dismantle them and reuse the components in other building projects. Its actually kind of a neat idea, but we’ll see how it actually gets implemented.
Is any city ready for the aftermath of the Olympics? What are the plans for this stadium after the fact
I mean Paris is a massive city with major sports teams and regular events outside the Olympics.
And yet cities end up losing money when hosting the Olympics most of the time.
https://theweek.com/sports/olympics-cost-hosting
They get conned into bidding for it every two years anyway though.
And how many of the facilities built for the Olympics in the past 3 decades are still viable structures today?
Good thing there was almost nothing built specifically for these Olympics. Plenty of concerns and problems, but at least that one isn’t on the list.
France was literally trying to swim in the river so they would have to build anything and people were complaining. There’s no winning, is there?
Stadiums in France are municipal facilities. I’m sure the stadium will join the others in Paris and be used for a variety of events.
Most of the new facilities are constructed with wood and recycled aluminum, and the plans at the end are to dismantle them and reuse the components in other building projects. Its actually kind of a neat idea, but we’ll see how it actually gets implemented.
https://www.bloomberg.com/news/features/2024-03-09/paris-summer-olympics-will-be-a-modest-showcase-of-wood-architecture
Most of the stuff was already built before the Olympics. There are very few new constructions.