Literature Review: Evidence from Past Olympic Games - Essay Example

Only on StudentShare

Extract of sample
Literature Review: Evidence from Past Olympic Games

The Olympics were financed almost entirely by Montreal city's public funds (2004).
Allan Drury stated in The Journal News (2005) that Montreal city spent huge amounts to build venues and develop infrastructure without assessing the income generation aspect. Allan Drury also stated that the Montreal Olympics were a failure not due to operational reasons but because the mayor borrowed 30-year bonds which are being paid off and will not finish paying the debt of US $ 2 billion in principal and interest till 2006.
The European Economic Outlook states that the impact of Montreal Games was such that other cities were not ready take the risk and thus deferred bidding for Olympics for some time as depicted in Figure 1.1 (2004).
But Allan Drury stated in The Journal News (2005) quoting Humphreys saying that spending occurs for constructing athletes' venues, housing and other infrastructure and the financial success of the Atlanta games could be attributed to good planning and corporate contributions. Thus unlike in Montreal the taxpayers were not asked to pay huge amounts.
According to The European Economic Out ...Show more

Summary

According to Kyle James, analysts divided the Olympics economics into three phases namely pre-game, game and post game. While the city benefits from tourism and construction activity in the first phase, during the second phase revenue can be generated from sale of tickets, sponsorships, generation of Olympic related temporary jobs, revenue to hotel industry, restaurants and local businesses due to arrival of foreign tourists etc., and the third phase as cited by Markus Kurscheidt, a sports scientist is the time when the games are over and problems start…
Author : rhauck
Literature Review: Evidence from Past Olympic Games essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Literature Review: Evidence from Past Olympic Games"
with a personal 20% discount.
Grab the best paper

Related Essays

A critical analysis of Olympic legacies: past Olympic Games and London 2012
A CRITICAL ANALYSIS OF OLYMPIC LEGACIES: PAST OLYMPIC GAMES AND LONDON 2012INTRODUCTION Olympic Games have outreached the number of spectators who have become addicted to the particular event and look forward to it with all gusto. This over enthusiasm for the mega event has greatly influenced the host cities in the past and would also have a similar and far fervor impact in future as well because now interested cities and countries as host emphasize more on the legacies that such event could have on their citizens and urban regeneration as well.
13 pages (3250 words) Essay
SUSTAINABLE OLYMPIC STADIA: ATHENS 2004 AND LONDON 2012
One way to achieve this is to ensure the optimal utilization of current resources while putting up structures that will outlive the current generation. This conservation frenzy has been a prime concern for all disciplines, whether in the arts, sciences or construction.
20 pages (5000 words) Essay
Olympic Games
There is a general lament over the shape of modern Olympics as they have become too big and too far. The ancient Olympics held in Greece were a cultural celebration of the ancient world in the center of civilization. The monstrosity of the Olympics is slowly emerging as a shared concern.
6 pages (1500 words) Essay
Olympic Promoters
Also assisting me whenever i needed help. Sports has always been, a favorite past time for all. Whether it might mean playing it or otherwise watching a game. There are people who love doing both. This dissertation will cover a more grave aspect of this jauner.
21 pages (5250 words) Essay
Critically analyse the International Olympic Committee, politicaly and memebers' corruptions
nly supported sporting events, but companies also involve the top players take part in these competitions and on contract to one of these major global companies. The increasing global television audience for football World Cup is over 40 billion. Relationship between sport and
12 pages (3000 words) Essay
Dissertation:Marketing in the Olympic Games:What are the active effects of 2008 Olympic Games of China Economy( part2)
Since this is primarily reflected through an improvement in tourism and its related economic benefits, the focus of this study will be to assess the impact of hosting of the 2008 Olympic Games in Beijing in terms of its impact on the tourism
10 pages (2500 words) Essay
Social and Economic Impacts on Communities of Hosting The London Olympic Games 2012
There have been reports of displacement and neglect of the local communities as they are pushed into the periphery during the staging of
20 pages (5000 words) Essay
Olympic 2012
Two benefits are expected to be derived from the mega-sporting event: the economic windfall profit, and the legacy that is left
10 pages (2500 words) Essay
The Olympic Games
worldwide event, encompassing not only competition by participants, but also commercial events by local and international individuals, firms, corporates and governments. These games have taken diverse and dynamic positions throughout the years, to become an internationally
2 pages (500 words) Essay
Olympic games
According to studies and reports from the media, the turnout of persons viewing the Olympics elevates each season. According to the NBC media house, the people’s turnout watching the Olympics elevates
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT