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SBD/March 8, 2013/Olympics
L.A. Mayor Informs USOC City Wants To Bid To Host '24 Summer Olympics
Published March 8, 2013
PERCEPTION VS REALITY: BOSTON magazine's Chris Vogel wrote there is "no doubt that the idea of hosting the Olympics sounds cool." But the "reality of hosting the Olympics is actually pretty grim." First, consider the "economics of hosting the Olympics." The Games can generate about $6B in revenue, with "roughly half of that" going to the IOC, but the "cost of the event can run three to six times that amount." Boston at the moment would "need to build a Village and add about 15,000 hotel rooms, not to mention beef up the aging subway and train system." And it is "reasonable to assume that the city would construct venues to host the opening ceremony as well as a diving and swimming center." Vogel: "But what happens when the event leaves town?" (BOSTONMAGAZINE.com, 3/7).