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Why the Paris Olympics are a cautionary tale for Canada

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Content provided by Curiouscast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Curiouscast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Governments frequently argue that hosting the Olympics boosts the local food, beverage, hospitality, and tourism industries both during and after the event. They claim the increased global exposure from hosting will benefit these industries for years.

But security concerns, climate events, protests, and unforeseen issues add to the costs. All levels of government must ensure the event runs smoothly, bearing the costs of any overruns or unexpected expenses.

The situation in Canada mirrors this.

Toronto’s estimated costs for hosting the World Cup have skyrocketed from $30-$45 million to $380 million. Vancouver’s costs have similarly increased from $230 million to $580 million, with further increases likely as the event approaches.

Guest: Moshe Lander, Sports Economist and Senior Lecturer at Concordia University

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6057 episodes

Artwork
iconShare
 
Manage episode 431479335 series 2342424
Content provided by Curiouscast. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Curiouscast or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Governments frequently argue that hosting the Olympics boosts the local food, beverage, hospitality, and tourism industries both during and after the event. They claim the increased global exposure from hosting will benefit these industries for years.

But security concerns, climate events, protests, and unforeseen issues add to the costs. All levels of government must ensure the event runs smoothly, bearing the costs of any overruns or unexpected expenses.

The situation in Canada mirrors this.

Toronto’s estimated costs for hosting the World Cup have skyrocketed from $30-$45 million to $380 million. Vancouver’s costs have similarly increased from $230 million to $580 million, with further increases likely as the event approaches.

Guest: Moshe Lander, Sports Economist and Senior Lecturer at Concordia University

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

6057 episodes

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