‘Economists: It’s a terrible idea for D.C. to host the 2024 Olympics’

Washington Post

August 27th, 2013 by 


In a recent Washington Post article, Victor Matheson, professor of economics at the College of the Holy Cross, warns Washington, D.C. about bidding for the 2024 Olympics. Matheson’s research reveals that host cities spend a lot of money on the event, but only receive minimal economic benefit.

Matheson further explained, “If you want to go a little deeper, you can say that a lot of U.S. cities, including D.C., are fairly well-positioned to hold the Olympics at a reasonable price. The problem is that the International Olympic Committee doesn’t want to host the Olympics in a city that’s saying, hey, we can do this on the cheap. The bids that make economic sense are the bids that have no chance of winning. And the bid that will end up winning won’t make economic sense.”

This “Holy Cross in the News” item is by Sara Bovat ’14.

| More

Comments are closed.

Sort By:
or
05/03/16 Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges
05/02/16 Holy Cross Kicks Off $400 Million “Become More” Campaign with Celebration Weekend
04/29/16 ‘Holy Cross honors Rev. Kuzniewski with field dedication’
04/28/16 Photo Gallery: Dinand Library’s Exterior Spaces Are Reenergized with Art, Rooftop Garden
See All
See All

Featured Videos

See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
More

What’s Happening on Campus

05/06/2016

Gamelan Gita Sari Concert

See More >
05/26/2016

Senior Academic Awards and Prizes

See More >
05/26/2016

Baccalaureate Mass

See More >
05/26/2016

ALANA Baccalaureate Celebration

See More >
More

Holy Cross in the News

05/03/16

Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges

Forbes.com

The College of the Holy Cross ranked No. 19 on Forbes’ list of Best Value Liberal Arts Colleges. For this ranking, Forbes looked at U.S. colleges and universities “that...

04/29/16

‘Holy Cross honors Rev. Kuzniewski with field dedication’

Telegram & Gazette

Last Friday during halftime at the Holy Cross vs. Boston University men’s lacrosse game, the College of the Holy Cross dedicated Holy Cross Field, home of the men’s and...

04/20/16

Holy Cross’ Give Purple Challenge Highlighted for its Success

The Washington Post

“It took just 43 hours for the College of the Holy Cross to raise nearly $2 million,” a recent Washington Post article begins. The article discusses the increase in...