Hosting the Olympic Games is a massive risk that cities all around the world are willing to take. While many people assume that hosting the Games is a way out a debt, it can often be just the opposite. There are many factors that contribute to the success and failure of hosting the Olympics. For one, the result differ between country. Countries that are more stable seem to profit from hosting more than countries that are less developed and unstable. Hosting the Summer versus Winter Games can also impact the turnout. In general, the Summer Olympics tend to make a more significant impact, as they are more popular among viewers (Dick and Wang). In general, the Summer and Winter Olympics certainly have both positive and negative impacts on the community and the citizens of its host city. While hosting the
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This Game is known as one of the best in Olympic history. Leading up to the Games, the city was frantic, as people thought that these Games would be a disaster. Whereas in reality, all problems that occurred were extremely minor. The greatest concern leading up to the Opening Ceremony was the athletes asking for single rooms (Elliott). One reason that the 1984 Summer Olympics were extremely successful was because of the bid. Los Angeles was the only city willing to host that year, which meant that when Los Angeles said they didn't want to sign the host city contract, the International Olympic Committee had no choice but to accept. The host city contract is one that every city has to sign that says if city funds are used, there is no guarantee that they will be paid back. Since L.A. didn't have to sign this contract, once city funds were used, they were paid back (Hersch). Similarly, while many cities who host the Olympics rely on government funding, Los Angeles did not, they had strong sponsorships (Wallechinsky). Los Angeles’ well planned bidding and funding system was a way they were able to turn such a large
This Game is known as one of the best in Olympic history. Leading up to the Games, the city was frantic, as people thought that these Games would be a disaster. Whereas in reality, all problems that occurred were extremely minor. The greatest concern leading up to the Opening Ceremony was the athletes asking for single rooms (Elliott). One reason that the 1984 Summer Olympics were extremely successful was because of the bid. Los Angeles was the only city willing to host that year, which meant that when Los Angeles said they didn't want to sign the host city contract, the International Olympic Committee had no choice but to accept. The host city contract is one that every city has to sign that says if city funds are used, there is no guarantee that they will be paid back. Since L.A. didn't have to sign this contract, once city funds were used, they were paid back (Hersch). Similarly, while many cities who host the Olympics rely on government funding, Los Angeles did not, they had strong sponsorships (Wallechinsky). Los Angeles’ well planned bidding and funding system was a way they were able to turn such a large