The Benefits of Bidding and Hosting the Olympic Games are Difficult to Justify Due to the Overall Costs

Authors: Edward Burgo and Fred J. Cromartie

Corresponding Author:
Fred J. Cromartie
Director of Doctoral Studies
One Academy Drive
Daphne, AL 36526
cromarti@ussa.edu

In the final year of his doctoral coursework at the United States Sports Academy (USSA), Edward currently works as a counselor at Pascagoula High School in Pascagoula, Mississippi. Having run and coached the Nicholls State University cross country team, he has enjoyed working with adolescents in athletics and academics for the past 42 years. In sports, amateurism has always interested Edward; so the connection to Olympism turned into an obvious course of study making his choice to attend USSA a great decision. Son to Edward Senior and Janice Burgo, Edward was the oldest of five children and contributes his drive and passion to his parents and gives great credit to Dr. Fred Cromartie for encouragement to continue on the path of education. Special thanks given to Coach Eddie Cole, Coach M.T. Tatum and Brother John Hotstream for mentorship and contributions to the success Edward has been blessed to receive.

Dr. Fred J. Cromartie, is the Director of Doctoral Studies at the United States Sports Academy.

The Benefits of Bidding and Hosting the Olympic Games are Difficult to Justify Due to the Overall Costs

ABSTRACT
In examining the high cost of placing a bid or hosting the Olympic Games, cities face a dilemma. Benefits and risks may not be worth the investments. Data were used from past Olympic successes and failures with the addition of comparable events and outcomes. Tangible and intangible results were considered in establishing benefit justification. Studies find that bidding cities as well as host cities seem to benefit through world recognition; however, the cost is extreme and creates questions about financial risks. Poor countries seem to be apprehensive due to the capital investments involved leaving opportunity for the affluent countries to invest money in infrastructure. The attraction of world-wide attention allows the wealthy countries an opportunity to risk capital with the possibility of stimulating the economy through tourism and trade.
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2018-02-06T08:26:21+00:00February 8th, 2018|Olympics, Research|Comments Off on The Benefits of Bidding and Hosting the Olympic Games are Difficult to Justify Due to the Overall Costs