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Pro's Of Hosting Mega Events

Con's Of Hosting Mega Events

  • Increased tourism

  • Creates jobs
  • Boosted morale

  • Raise hosting nation's profile

  • Improved venues

The Economic Impact Of Hosting Major Sporting Events

  • Short term use
  • Security

  • Potential Negative Publicity
  • Debt

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

  • Introduced tobacco tax

  • 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

  • Generated $215 million

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

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