this post was submitted on 06 Aug 2023
36 points (97.4% liked)
Brisbane
962 readers
5 users here now
Home of the bin chicken. Visit our friends:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
i've always heard horror stories of cities paying off the amount of money lost on hosting for decades. i'm worried.
here's an article outlining a lot of what i've heard, but of course i'm far from an expert: https://www.cfr.org/backgrounder/economics-hosting-olympic-games (I checked and there are no obvious red flags with the source - https://en.wikipedia.org/wiki/Council_on_Foreign_Relations and https://mediabiasfactcheck.com/council-on-foreign-relations/ )
i'm not sure vic was wrong for pulling out of the commonwealth games, it was a PR disaster but the closer you get the higher the pressure and the more costs can blow out.