This past week, two of my classmates from Sports Econ debated whether or not a city should host the Olympics. Each gave three reasons, and in the end the class voted for the winner. All the arguments were valid for both side which made it hard to decide. However, ultimately, I voted that hosting the Olympics is a good idea. My classmate made a point that no matter where the Olympics were being hosted tourism rose insane amount before, during, and after The Games. Exposure is everything. Cities are being marketed and exposed to the rest of the world in a very positive matter. This also brings city pride higher, which will increase the local economy. On the other hand, there have been cities that after building and hosting such an event, are left to deal with infrastructure with usage. Crime and local pricing increased, and just the bid alone, leaves cities in millions of debt with no guarantee of hosting. I believe that the right answer to this debate will always fluctuate, which is what made my previous sports Econ class exciting because we got to hear fellow classmates fight for whether or not cities should host The Games. The Olympics is definitely a gamble, but its an investment that has high return rate for the long run.
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