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The Economic Impact Of The Olympic Games


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This is a report called "The Impact of the Olympic Games on Real Estate Markets" and deals with the economic impact of the Olympic Games on the host-city. The report is from 2001:

This report examines the legacies of four recent Olympic hosts - Seoul (1988), Barcelona (1992), Atlanta (1996) and Sydney (2000) - and takes a look at how their hotel, residential, office and retail property markets were affected. The study also examines the potential impact on the five cities short-listed for the 2008 Games: Beijing, Paris, Toronto, Istanbul and Osaka. "While the Games generate short-term economic gains, such as more jobs and increased revenue, other indirect effects - such as changes in the host city's urban form and governance - are farther reaching and longer lasting."

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Interesting.

What do people think are the main legacies of hosting an Olympic Games?

1) Community Legacy - housing, regeneration, etc...

2) Increased economic and business opportunities from hosting the Games?

3) Cultural and sporting (participation and attainment) increases?

4) Improved city status and recognition?

5) Memory and pride of local population?

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Interesting.

What do people think are the main legacies of hosting an Olympic Games?

1) Community Legacy - housing, regeneration, etc...

2) Increased economic and business opportunities from hosting the Games?

3) Cultural and sporting (participation and attainment) increases?

4) Improved city status and recognition?

5) Memory and pride of local population?

Yes, and we have to distinguish between material and emotional legacy.

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