In a recent interview with Fox 25 News, Victor Matheson, professor of economics at the College of the Holy Cross, questioned the longstanding economic benefits to hosting the 2024 Summer Olympics in Boston. He predicted that the cost would be as high as the Big Dig’s construction expense, but without the lasting infrastructure.
“In some cities you’re left with the nice legacy,” said Matheson. “You’ve upgraded your infrastructure and you have a nice set of things you can use after the event. But in most places, for example Montreal, you’re not left with a whole lot except for a big set of debt payments to pay back.”
The Boston Globe, Nov. 16: An Olympic-size illusion”
This “Holy Cross in the News” item is by Sara Bovat ’14.