Jen Gerson: On Calgary's Olympic bid, economists say run away — fast - News Summed Up

Jen Gerson: On Calgary's Olympic bid, economists say run away — fast


City council will vote Monday on whether to approve another $2 million in funding to further the bid process. In short, the Olympics could provide a hit of confidence to a city that has not yet recovered its oil-boom swagger. Games’ boosters have been out in force with fancy assessments promising great economic benefits that haven’t seemed to materialize in any other Olympics city for 30 years. Moshe Lander, a sports economics professor at Concordia University in Montreal, said the economics just don’t justify the bid. “The Olympics don’t make money.


Source: National Post November 19, 2017 22:30 UTC



Loading...

Loading...