Blatter Not Traveling To Canada Orlando City To Own USL Club Emmert's Compensation Reached $1.8M In '13 UFC, Reebok Introduce Fight Kit Classified Advertisements Fifth Third Bank Signs Deal With Daytona Int'l Hurricanes' Karmanos Elected To Hockey HOF Charlotte Considers MLS Stadium Plan Phillies' MacPhail To Observe For First Few Months NASCAR Teams Look For Long-Term Value
SBD/August 3, 2012/Olympics
Extra Taxpayer Money Needed To Ready Olympic Stadium For EPL Club After Games
Published August 3, 2012
TOO LATE TO CHANGE ANYTHING: The GUARDIAN's Simon Jenkins writes the London Games are "fine," and the facilities at Stratford are "as good as ever." But when he rhetorically asks whether the Games are worth $14B cost to hold them, he answers, "No, of course not. The Games was never worth that." The Olympics "seems enjoyable and remarkably scandal-free," but more "worrying is the impact on political discourse." To quarrel with "any feature of the game is to be a whingeing, unpatriotic naysayer." But the city of London "will not recover the cost of the Olympics and may as well forget it." Having spent the money, London residents "should at least lie back and enjoy" the Games, but also "should stop pretending." The "real victims of London's mind-numbing mendacity will be the poor and hapless citizens of Rio in 2016," as they " really cannot afford it" (GUARDIAN, 8/3).
NO REAL TOURISM BUMP: CBS' Mark Phillips examined the economic impact on London during the Olympics, and he said, "It’s not exactly like they threw a party and nobody came. They’ve come alright, just not to the places people hoped they’d come.” Crowds have "tended to stay at the Games” and the “much-hyped bump in general tourism hasn’t happened." Phillips: "In fact, the opposite has happened. Tourism operators say business is way down. ... The surprising thing is this shouldn’t be a surprise. It happens almost all the time. For cities trying to make a name for themselves, the Olympics can be a draw, at least for the future. But for established world cities like London, there always seems to be a dropoff. People scared off by security fears or by jacked-up hotel prices.” New York Univ. Prof. of Urban Policy & Planning Mitchell Moss: “There’s a myth about the Olympics that somehow just having them is going to solve all the problems of the city. The Olympics historically have added to problems of cities.” Phillips said Great Britain’s “government and Olympic officials are saying take the long view, the image created by these Games will payoff in the end" (“CBS This Morning,” CBS, 8/3).