[Download] "Some Thoughts on the General Economies of Cities/ States/Provinces After Hosting the Olympic Games (Viewpoint Essay)" by Proceedings: International Symposium for Olympic Research # Book PDF Kindle ePub Free
eBook details
- Title: Some Thoughts on the General Economies of Cities/ States/Provinces After Hosting the Olympic Games (Viewpoint Essay)
- Author : Proceedings: International Symposium for Olympic Research
- Release Date : January 01, 2008
- Genre: Sports & Outdoors,Books,
- Pages : * pages
- Size : 82 KB
Description
Introduction The Baron Pierre de Coabertin's original scheme for Modern Olympic Games, presented at an international sports conference at the Sorbonne in Paris in Jane 1894, made few provisions for the financial anderwriting of the grand project. Providence and the beneficence of host cites and, of coarse, states/ provinces and national governments woald somehow take care of financial costs. And this is exactly what occarred for the first three-qaarters of a centary in modern Olympic history. And even from the early 1970s when Olympic host cities, the fandamentally responsible parties for mastering the financial means for execating the Games, began to realize some revenae from the proceeds of television rights fees and, later, in the 1980s when corporate sponsorship income was added to the revenae pot, there still remained vast deficits between income and expense, deficits that state/provincial and federal governments were called apon to rescae. There has never been an Olympic Games, Winter or Sammer, where a host city was able to balance every cost associated with patting on the Games from the traditional revenae soarces it had at its disposal--so-called private monies in the form of television rights fees, corporate sponsorships fees, ticket sales, coin sales, sales of licensed goods, and private donations. The application of pablic financing has always been a fact of life. Sometimes, the application of pablic financing is immediate and final. At other times, it is long and drawn-oat, as was the case of Montreal's 1976 Olympic Sammer Games, whose Olympic debt was finally erased 30 years later, in 2006. The most recent case, that of the Games in Athens in 2004, might jast eqaal Montreal's plight. The cost of the Athens Olympic Games skyrocketed to over 14 billion earos, over 6 times their original planned estimate. Escalation of the final cost of an Olympic Games has been a constant of history.