Friday, October 02, 2009
Why do cities want the Olympics?
It puzzles me, given that Vancouver is facing serious financial issues for its forthcoming Olympics, why major cities care so much about getting them. Olympic games also make life inconvenient for those living and working in the cities where they take place. It is not like Chicago, Madrid, Rio and Tokyo aren't high profile cities. Do we really think more highly about Atlanta because it had an Olympics?
I get permanent sports franchises--they become a source of common conversation in communities, and Carlino and Coulson show that people value this (although free agency and high ticket prices might screw this up). But the Olympics? I hear people talk around here about the 1988 Dodgers and Kirk Gibson's home run all the time; I almost never hear about the 1984 Olympics.