‘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
11/25/14 Santander Renews Support for International Study Programs at Holy Cross
11/24/14 Holy Cross to Celebrate the Holiday Season with Tree Lighting and Advent Festival of Lessons and Carols
11/21/14 Photo Gallery: Women in Business Conference Perfect Opportunity for Alumnae, Students to Network
11/20/14 Vice President for Mission Named at Holy Cross
See All
See All

Featured Videos

See video
Video, Photo Gallery: Students Meet With Neil deGrasse Tyson in Exclusive Seminar

Watch Video >
See video
Video: Fall Foliage Makes for Breathtaking Scenes on Holy Cross Campus

Watch Video >
See video
Artist-in-Residence Cristina Pato and Renowned Composer Osvaldo Golijov to Lead Concert and Panel Discussion

Watch Video >
More

What’s Happening on Campus

12/04/2014

Christmas Tree Lighting presented by the Purple Key Society

See More >
12/11/2014

College Choir and Chamber Singers Present Advent Festival of Lessons & Carols

See More >
More

Holy Cross in the News

11/19/14

‘Remembering The Jesuits Whose Murders Brought An End To Salvadoran Civil War’

WBUR

WBUR, Boston’s NPR news station, reported from San Salvador, El Salvador, during the commemoration of six Jesuit priests murdered by the Salvadoran army 25 years ago in the...

11/14/14

‘Astrophysicist Tyson sells spirit of science: Cosmos superstar shines at HC’

WBUR | Telegram & Gazette | Worcester News Tonight

Astrophysicist Neil deGrasse Tyson lectures to a packed house at the College of the Holy Cross last night, where more than 2500 people were in attendance.  The talk, titled...

11/07/14

Biology Professor’s Research on Extinct Dodo Bird Makes International Headlines

International Business Times | Yahoo! News | Wired

With new insight on perhaps one of the most distinguished animals to have gone extinct in human history, Leon Claessens, associate professor of biology at the College of the...