All eyes turn to Sochi,
It's a question
Host cities typically invest more than
"The ingredient that could make it successful is if a city invests in infrastructure as opposed to sporting centers," Holladay said. "That's the kind of thing that will benefit your citizens rather than sporting centers that will go unused after the games."
Tales abound of host cities that have built architectural marvels for the Olympic Games only to have them unused and falling into decay years after the games.
Holladay, whose research area includes environmental economics, cited
"These investments are still paying off," Holladay said, because
Holladay and Schaur said that hosting the Olympics may not necessarily increase a city's economic standing. But it could improve the quality of life for residents if cities find other ways to use the venues.
Long-term investment in infrastructure could make cities more attractive to businesses, Holladay said. "But it takes a while for these effects to show up."
TNS 30TagarumaMar-140207-4630415 30TagarumaMar
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