In a broadcast on ABC Radio National (Australian Public Radio) Victor Matheson, associate professor of economics at the College of the Holy Cross, discusses the costs and benefits of hosting the Olympic Games.
“It’s very rare that the direct economic benefits from an event like the Olympics pays off for the host cities,” said Matheson. “You can have an occasional one here and there where it turns out that the books balance, but the overall experience of the Olympics hosts over the last 30 years is that they are very, very expensive parties.”
This “Holy Cross in the News” item by Sara Bovat ’14.
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