So Obama proposes a plan to an org than is known for saddling cities in debt and they turn the plan down. Trump 'gave them what they wanted to hear' and got the deal done. High IQ business moves right there.
this post was submitted on 12 Aug 2024
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The Olympics is pretty infamous for absolutely wrecking and bankrupting a city chosen to host it. I think North American cities typically break that mold but it's usually pretty bad
Oh absolutely, I've heard that about a few. Just, as far as I know, it basically worked out for us. I guess I'm kinda bragging? Sorry.
I lived in Park City for a year and have been to lake placid a few times, both seem better off for hosting the games. Maybe it's a winter Olympics thing.
I think it's also an economics thing. Sochi is a ghost town, because after the games ended, there was no basis to support the stadiums and infrastrcture. Cities like Rio and Athens built up to host the village of international competitions, but there was no funding to keep them up after it was all over. Vancouver, Sydney, Los Angeles, London, Tokyo, Beijing, these are thriving cities with high concentrations of wealth that planned for how to repurpose the infrastructure after the games. The residential spaces became hotels or were otherwise repurposed, and the stadiums and training facilities are being used for sports and recreation.
People still visit Salt Lake City, Utah, to ski the slopes where the Olympics were held. Meanwhile, Sarajevo can't reopen the ski jump or the bobsled track from 1984 because of the land-mines left there in the 90s.
So it's probably not as much winter/summer as it is have/have-not.