Boooo facts. What about the intangibles? The Olympics just feel good.http://fivethirtyeight.com/features/hosting-the-olympics-is-a-terrible-investment/?ex_cid=story-twitter
Jusssst in case anyone is 'overenjoying' Rio and starts thinking bad thoughts...
Sweet Jesus, enough of this #$!@ already. I have to wonder what the little sycophant(s) who is obsessing on Toronto and Olympics bids would be doing now if Toronto had won the 1996 Olympics. They'd still be asking themselves what to do so the world will notice us, will like us, will admire us. Enough already.
http://www.citynews.ca/2017/03/25/toronto-council-explore-bid-2022-commonwealth-games/Toronto council could explore bid for 2022 Commonwealth Games
City council may explore whether Durban’s loss could be Toronto’s golden opportunity after the South African city was stripped of its right to host the 2022 Commonwealth Games last week.
Coun. James Pasternak has filed a motion, to be debated Tuesday, calling for the city’s Economic Development & Culture Division to investigate whether Toronto should enter the bidding process given its recent success as host of the 2015 Pan Am and Parapan Am Games.
“Toronto is ready to host this competition after successfully hosting the Pan American/Parapan American Games in 2015,” the motion reads.
“It is highly likely that no new venues would need to be built for the games which would greatly reduce any financial risk to the city.”
However, Bob Richardson, who was behind Toronto’s successful bid for the Pan Am Games, said the timing doesn’t work for another bid.
Most cities are given five to seven years to prepare as host of a multi-sport Games.
Durban was awarded the Games in September 2015 and was due to be the first African city to host the event.
Last week, David Grevemberg, chief executive of the Commonwealth Games Federation, said the city did not meet the criteria set by his organization and stripped it of its right to host. This came after months of the Durban government warning it may not have enough money to put on the event.
“The operational plans for [the] Games is huge,” Richardson said. “It’s a very, very tight timeline. I don’t think it’s feasible.”
Richardson said while a number of venues built for the Pan Am Games could be re-used for the Commonwealth Games, the city would need to scramble to build another athlete’s village.
The complexes built for the 2015 Games have been already converted into condos and student housing.
“It’s not a back-of-the-napkin kind of venture,” Richardson said. “The reason the Pan Am Games were successful is because we had that time and we had plans and it was well-executed.”
The Commonwealth Games are held every four years and feature athletes from more than 50 countries, mostly former British colonies.
Other cities have expressed interest in staging the 2022 edition, including Liverpool, London, England, and Edmonton. Grevemberg said an announcement on a new host city would be made by the end of the year.
Pasternak has not yet responded to a request for comment.
There must be some TCHC rebuild project (e.g. Lawrence Heights; Regent Phase IV and V) that could be advanced. If the hosting cost is reasonable, might as well get more use out of the existing facilities.Hosting the Commonwealth Games seems to make sense at some point. At around 5,000 athletes, they're comparable in size to the Pan Am's, which clock in at around 6,000. The comparable size suggests the event would be manageable from a cost standpoint. It might even be a catalyst to fund and build the Eglinton East LRT, since UT Scarborough would be a major venue. Aside from the athletes' village, we ought to have most of the infrastructure in place form the Pan Am's, though extreme dispersal over the GTHA might cause organizers to rethink a few venues. However, I'm at a loss to see how we could plan and build the housing component by 2022. Maybe a bid for subsequent games would be more realistic.
Nope. Operational and scurity costs far outstrip ticket sales and sponsorship. Tourism is worse off because it scares away regular visitors. It's a big black hole.Can an economic argument be made? Don't we have every facility necessary for a B-level multi-sporting event? Playing devil's advocate here.