Sport Events
Sports have always been an integral part of human lifestyle. The Olympics today is no longer exclusive to the Greeks alone after their revival in the 20th century. Today major sporting events such as the Olympics and World Cup are being held around the world. Hence to accommodate international athletes, such sporting events have to be organized in large cities having state-of-art facilities. Hosting sports events certainly benefits the host nations which is evident by the intense bidding to bag the rights to host one. Major sporting events bring more to a city than fan excitement. In addition to the thrills of game action, these events funnel millions of dollars into the host nation primarily through spending by the international spectators and investments by foreign firms seeking to expand their markets. Major sports events are often seen as a source of economic generation though there are definitely costs associated with hosting large scale sports events.
Hosting sports events stimulates regeneration, investment and long-term benefits. Developing infrastructure required for such events act as a catalyst for the development of hosting nations. For example, major sporting events usually require upgrades to transport and communication links. This investment leaves a lasting legacy for the whole economy. Better transport links reduce congestion and helps to improve efficiency for local business. It may be argued that the money spent on these projects would be much better off used to build affordable homes and transport infrastructure which is designed with local residents in mind. Moreover many of the sporting arenas may never be used in the future incurring high maintenance costs without any revenue being generated after the event. However this need not be the case with every event as better management sense dictates that the games village built to accommodate the athletes could be converted into low-cost government housing for the lower income groups unable to
Hosting sports events stimulates regeneration, investment and long-term benefits. Developing infrastructure required for such events act as a catalyst for the development of hosting nations. For example, major sporting events usually require upgrades to transport and communication links. This investment leaves a lasting legacy for the whole economy. Better transport links reduce congestion and helps to improve efficiency for local business. It may be argued that the money spent on these projects would be much better off used to build affordable homes and transport infrastructure which is designed with local residents in mind. Moreover many of the sporting arenas may never be used in the future incurring high maintenance costs without any revenue being generated after the event. However this need not be the case with every event as better management sense dictates that the games village built to accommodate the athletes could be converted into low-cost government housing for the lower income groups unable to