Saturday, October 3, 2009

Do Olympic Host Cities Ever Win? - NY Times October 2, 2009 By the Editors

The International Olympic Committee on Friday awarded the 2016 Summer Games to Rio de Janeiro. The Brazilian city beat Madrid, Tokyo and Chicago, despite personal appeals by President Barack Obama and the first lady, Michelle Obama, in support of their hometown.

Why are cities so eager to host the Olympics? Are there short-and long-term economic benefits to hosting the event?


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