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   they cost millions to put up.
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   Author  Topic: they cost millions to put up.  (Read 117 times)
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they cost millions to put up.
« on: Dec 30th, 2016, 3:28am »
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The economies of cities, regions and even countries around the world are increasingly relying on hosting sports events and also hosting visiting sportsmen and women and their supporters as a source of income. The intensity of sports event bidding has become more and more aggressive. London's bid for the 2012 Olympics was so fierce and it took a lot of strategising and real lobbying to beat Paris and Real Madrid.
 
Now the city of London is poised to change a lot as it prepares for the events. The investment is enormous and so are the returns. Here is a glimpse of what the games will do to the local economy. There will be a need for more workers before and after the games, there is an anticipated 8.4% increase in construction workers needed in Greater London (13,000 more bricklayers needed and 15,000 more plumbers are needed). A budget of 9.3 billion pounds is needed for construction, transport and regeneration. The total budget for the Olympics is about $19.1 billion! That is a mind boggling figure.
 
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Sport tourism is now a tool to make achieve many things, make-money, create thousands of new jobs and even help change cultural perceptions. In some instances sports has been used to advance cultural and political interests. Think of apartheid in South Africa and how Cricket, rugby and football helped heal the racial di.
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