Pro's Of Hosting Mega Events
Con's Of Hosting Mega Events
- Raise hosting nation's profile
The Economic Impact Of Hosting Major Sporting Events
- Potential Negative Publicity
Interest
What is a Major Sporting Event?
- Viewers of last event:
- World Cup - 3.5 billion
- Summer Olympics - 2 billion
- Asian Games - 1 billion
- Winter Olympics - 0.5 billion
- Euro Cup Finals - 299 million
- Many fans travel around the globe to watch their team/country play
1976 Montreal Olympics
- Major sporting events, or "Mega-Events" take place with intervals of multiple years, and attracts international attention
- Cost $1.94 billion
- Took 30 years to pay off
- Stadium Big O (Big Owe) cost re than all other north american stadiums
- Scared off future cities from hosting mega-events
1984 Los Angeles Olympics
- Did not spent tax money on production of stadiums
- Used premade stadiums
- Sponsors paid for remaining stadiusm
Toronto 2024
- Toronto contemplated placing a bid for the 2024 Summer Olympics
- City did not have support of province or sponsors, therefor, opted not to bid
Toronto Mega Event
If you were apart of the Toronto City Counsel, would you vote for or against a mega-event?
The Economic Impact Of Hosting A Major Sporting Event