Cost of olympics
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The document summarizes the costs associated with hosting the Olympic Games. It discusses the origins of the Olympics in ancient Greece and provides data on the costs of recent Summer and Winter Olympics. London 2012 cost $14.8 billion while Sochi 2014's estimated costs were $51 billion. The bidding process to host the Olympics takes place 7 years prior. Operational and non-operational costs are broken down. While some past host cities turned profits, others like Athens 2004 and Sochi 2014 faced cost overruns and economic impacts. Corruption was also an issue in Sochi's $7 billion worth of fraudulent contracts.
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The presentation summarizes the costs of hosting the Olympic Games from 1896 to 2014. It notes that the London 2012 Summer Olympics cost $14.8 billion while the Sochi 2014 Winter Olympics' estimated costs were $51 billion. It discusses factors like operational costs, non-operational infrastructure costs, and cost overruns. Prior host cities like Athens in 2004 and Sochi in 2014 faced significant budget deficits and allegations of corruption due to the high expenses of hosting the Games.
Economics Presentation On Cost of Olympics
1)Cost of Olympic Games
2) Overview
First Olympic in 1896 in Athens
2012 Summer Olympics - 26 sports, 10568 Athletes, 204 Nations
2014 Winter Olympics -7 sports, 2873 Athletes, 88 Nations
Governing Body: International Federation (IF)
International Olympic Committee (IOC): sports, disciplines and events.
London 2012 US$14.8 billion
Source: www.theguardian.com/sport/2012/oct/23/london-2012-olympics-cost-total
Sochi 2014 Estimated US$51 billion
Source: www.theguardian.com/sport/blog/2013/oct/09/sochi-2014-olympics-money- corruption
3) Cost Bidding
5 out of 9 cities selected for bidding by IOC on 18 May 2004
Hosting Fee in 2012: U.S $150,000
London won the right to host the 2012 Games with 54 votes to Paris' 50
4) Cost Bidding Graph
5)Costs for Hosting
Operational Costs
(OCOG)
Technology Costs
Workforce Costs
Administration Costs
Transportation Costs
Catering & Medical Services
Security costs
Non-Operational Costs
(Non-OCOG)
Direct
Olympic Villages
International Broadcast Centre
Media & Press Centre
Indirect
Infrastructure
Hotel Upgrade Costs
6)Cost of Olympic Games
7) Cost OverRun
8)Economic impact of OLYMPIC GAMES
1. Identifying the impact
2. Evidence from the past games
3. ATHENS & outlook of Greek Economy
9) -GDP & Employment Impact
10) ATHENS-Slowdown Economy
Smallest Country.
Total cost EXCEEDS Estimate cost leads to Downfall.
Even the villages lands are used to conduct OLYMPICS.
Widening Government Budget Deficit.
11) Scam 2014 Sochi Russia
London olympics
The document provides information on various aspects of the 2012 London Olympics, including:
- Tourism initiatives like water buses and improved cycling paths to attract visitors to the Olympic Park.
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- Cultural events and the bidding process that led to London being selected as the host.
- Details on broadcasting, medals, venues and infrastructure, public transport improvements, and the mascots.
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The document provides an overview of the 2012 London Olympics, including details about:
- The Olympic Park and venues being used for events
- Cultural events and programs being held leading up to the Games
- Improvements to London's transportation infrastructure to accommodate spectators
- Sources of funding and budgets for hosting the Games
- Plans for 70,000 volunteer "Games Makers" to assist during the Olympics
London olympics
The document provides an overview of the 2012 London Olympics, including details about:
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- Cultural events and programs being held as part of the Cultural Olympiad
- Improvements to London's public transportation network to accommodate spectators
- The financing of the games through public and private funds
- Plans for 70,000 volunteer games makers to assist during the Olympics
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Economics Presentation On Cost of Olympics
1)Cost of Olympic Games
2) Overview
First Olympic in 1896 in Athens
2012 Summer Olympics - 26 sports, 10568 Athletes, 204 Nations
2014 Winter Olympics -7 sports, 2873 Athletes, 88 Nations
Governing Body: International Federation (IF)
International Olympic Committee (IOC): sports, disciplines and events.
London 2012 US$14.8 billion
Source: www.theguardian.com/sport/2012/oct/23/london-2012-olympics-cost-total
Sochi 2014 Estimated US$51 billion
Source: www.theguardian.com/sport/blog/2013/oct/09/sochi-2014-olympics-money- corruption
3) Cost Bidding
5 out of 9 cities selected for bidding by IOC on 18 May 2004
Hosting Fee in 2012: U.S $150,000
London won the right to host the 2012 Games with 54 votes to Paris' 50
4) Cost Bidding Graph
5)Costs for Hosting
Operational Costs
(OCOG)
Technology Costs
Workforce Costs
Administration Costs
Transportation Costs
Catering & Medical Services
Security costs
Non-Operational Costs
(Non-OCOG)
Direct
Olympic Villages
International Broadcast Centre
Media & Press Centre
Indirect
Infrastructure
Hotel Upgrade Costs
6)Cost of Olympic Games
7) Cost OverRun
8)Economic impact of OLYMPIC GAMES
1. Identifying the impact
2. Evidence from the past games
3. ATHENS & outlook of Greek Economy
9) -GDP & Employment Impact
10) ATHENS-Slowdown Economy
Smallest Country.
Total cost EXCEEDS Estimate cost leads to Downfall.
Even the villages lands are used to conduct OLYMPICS.
Widening Government Budget Deficit.
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- Tourism initiatives like water buses and improved cycling paths to attract visitors to the Olympic Park.
- Environmental policies for the park including wildlife habitats and renewable energy sources.
- Cultural events and the bidding process that led to London being selected as the host.
- Details on broadcasting, medals, venues and infrastructure, public transport improvements, and the mascots.
London olympics
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- The Olympic Park and venues being used for events
- Cultural events and programs being held leading up to the Games
- Improvements to London's transportation infrastructure to accommodate spectators
- Sources of funding and budgets for hosting the Games
- Plans for 70,000 volunteer "Games Makers" to assist during the Olympics
London olympics
The document provides an overview of the 2012 London Olympics, including details about:
- The Olympic Park and venues being used for events
- Cultural events and programs being held as part of the Cultural Olympiad
- Improvements to London's public transportation network to accommodate spectators
- The financing of the games through public and private funds
- Plans for 70,000 volunteer games makers to assist during the Olympics
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4:这个认证书并且可以归档倒地方
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对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
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Discover the Future of Dogecoin with Our Comprehensive Guidance
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
一比一原版美国新罕布什尔大学(unh)毕业证学历认证真实可查
永久可查学历认证【微信：A575476】【美国新罕布什尔大学(unh)毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
The state of welfare Resolution Foundation Event
How has Britain’s safety net changed since 2010 and what comes next?
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
University of North Carolina at Charlotte degree offer diploma Transcript
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
一比一原版(RMIT毕业证)皇家墨尔本理工大学毕业证如何办理
RMIT硕士学位证成绩单【微信95270640】《皇家墨尔本理工大学毕业证书》《QQ微信95270640》学位证书电子版：在线制作皇家墨尔本理工大学毕业证成绩单GPA修改（制作RMIT毕业证成绩单RMIT文凭证书样本）、皇家墨尔本理工大学毕业证书与成绩单样本图片、《RMIT学历证书学位证书》、皇家墨尔本理工大学毕业证案例毕业证书制作軟體、在线制作加拿大硕士学历证书真实可查.
【本科硕士】皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单（GPA修改）；学历认证（教育部认证）；大学Offer录取通知书留信认证使馆认证；雅思语言证书等高仿类证书。
办理流程：
1客户提供办理皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
2开始安排制作毕业证成绩单电子图；
3毕业证成绩单电子版做好以后发送给您确认；
4毕业证成绩单电子版您确认信息无误之后安排制作成品；
5成品做好拍照或者视频给您确认；
6快递给客户（国内顺丰国外DHLUPS等快读邮寄）
真实网上可查的证明材料
1教育部学历学位认证留服官网真实存档可查永久存档。
2留学回国人员证明（使馆认证）使馆网站真实存档可查。
我们对海外大学及学院的毕业证成绩单所使用的材料尺寸大小防伪结构（包括：皇家墨尔本理工大学皇家墨尔本理工大学本科学位证成绩单隐形水印阴影底纹钢印LOGO烫金烫银LOGO烫金烫银复合重叠。文字图案浮雕激光镭射紫外荧光温感复印防伪）都有原版本文凭对照。质量得到了广大海外客户群体的认可同时和海外学校留学中介做到与时俱进及时掌握各大院校的（毕业证成绩单资格证结业证录取通知书在读证明等相关材料）的版本更新信息能够在第一时间掌握最新的海外学历文凭的样版尺寸大小纸张材质防伪技术等等并在第一时间收集到原版实物以求达到客户的需求。
本公司还可以按照客户原版印刷制作且能够达到客户理想的要求。有需要办理证件的客户请联系我们在线客服中心微信：95270640 或咨询在线父亲的家很狭小除了一张单人床和一张小方桌几乎没有多余的空间山娃一下子就联想起学校的男小便处山娃很想笑却怎么也笑不出来山娃很迷惑父亲的家除了一扇小铁门连窗户也没有墓穴一般阴森森有些骇人父亲的城也便成了山娃的城父亲的家也便成了山娃的家父亲让山娃呆在屋里做作业看电视最多只能在门口透透气不能跟陌生人搭腔更不能乱跑一怕迷路二怕拐子拐人山娃很惊惧去年村里的田鸡就因为跟父亲进城一不小心被人拐跑了至今不见踪影害不
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
一比一原版宾夕法尼亚大学毕业证(UPenn毕业证书)学历如何办理
挂科购买【微信号:176555708】【挂科购买(UPenn毕业证书)】【微信号:176555708】《成绩单、外壳、offer、真实留信官方学历认证（永久存档/真实可查）》采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【我们承诺采用的是学校原版纸张（纸质、底色、纹路）我们拥有全套进口原装设备，特殊工艺都是采用不同机器制作，仿真度基本可以达到100%，所有工艺效果都可提前给客户展示，不满意可以根据客户要求进行调整，直到满意为止！】
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信号:176555708】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信号:176555708】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
留信网服务项目：
1、留学生专业人才库服务（留信分析）
2、国（境）学习人员提供就业推荐信服务
3、留学人员区块链存储服务
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：客户在留信官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.Seeman_Fiintouch_LLP_Newsletter_Jun_2024.pdf
The Impact of the 2024 Indian
Election Beyond Borders
01. Investment Gyan
02. Market Update
03. Inspiration investment story
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
Our latest market and regulatory coverage and analysis
真实可查(nwu毕业证书)美国西北大学毕业证学位证书范本原版一模一样
原版定制【微信:bwp0011】《(nwu毕业证书)美国西北大学毕业证学位证书》【微信:bwp0011】成绩单 、雅思、外壳、留信学历认证永久存档查询，采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信bwp0011】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信bwp0011】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
Dr. Alyce Su Cover Story - China's Investment Leader
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Accounting Information Systems (AIS).pptx
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Labour Market Information Council | Conseil de l’information sur le marché du travail
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.Recently uploaded (20)
How to Invest in Cryptocurrency for Beginners: A Complete Guide
How to Invest in Cryptocurrency for Beginners: A Complete Guide
Importance of community participation in development projects.pdf
Importance of community participation in development projects.pdf
Independent Study - College of Wooster Research (2023-2024)
Independent Study - College of Wooster Research (2023-2024)
TechnoXander Confirmation of Payee Product Pack 1.pdf
TechnoXander Confirmation of Payee Product Pack 1.pdf
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
BIHC Briefing June 2024 from Bank+Insurance Hybrid Capital in association wit...
Dr. Alyce Su Cover Story - China's Investment Leader
Dr. Alyce Su Cover Story - China's Investment Leader
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Cost of olympics
- 2. Overview • Origin: Ancient Greece, 3000 years ago • First Olympic in 1896 in Athens • 2012 Summer Olympics - 26 sports, 10568 Athletes, 204 Nations • 2014 Winter Olympics -7 sports, 2873 Athletes, 88 Nations • Governing Body: International Federation (IF) • International Olympic Committee (IOC): sports, disciplines and events. • London 2012 US$14.8 billion Source: www.theguardian.com/sport/2012/oct/23/london-2012-olympics-cost-total • Sochi 2014 Estimated US$51 billion Source: www.theguardian.com/sport/blog/2013/oct/09/sochi-2014-olympics-money- corruption
- 3. Bidding Process • 7 Years prior to the game • Host City Selection • 50 Cities(including repeats) • Tokyo as host city of 2020 Summer Olympics • 2022 Winter Olympics currently underway and and will conclude in 2015
- 4. Costs for Hosting Operational Costs (OCOG) Non-Operational Costs (Non-OCOG) Direct Indirect • Technology Costs • Workforce Costs • Administration Costs • Security Costs • Catering & Medical Services • Olympic Villages • International Broadcast Centre • Media & Press Centre • Infrastructure • Hotel Upgrade Costs
- 5. HOST CITY Budget(US) Total Cost(US) Profit/Loss London,1948 ₤15000 ₤742268 ₤29000 Los Angeles,1984 $320 million $413 million $250 million Barcelona,1992 $850 million $9.3 billion $10 million Athens,2004 $15 billion $9 billion $14 billion Beijing,2008 $44 billion $146 million London,2012 $10.4 billion $14.6 billion $52.8 million Sochi,2014 - $51 billion - Rio De Janerio , 2016 Cost of Olympic Games
- 6. Cost OverRun
- 7. Economic impact of OLYMPIC GAMES 1. Identifying the impact 2. Evidence from the past games 3. ATHENS & outlook of Greek Economy
- 8. 1.Identifying the impact- Cost-Benefit Analysis
- 9. 2. Evidence from the Past Games US$ m Operation cost Revenue Overall Balance Munich 546 1090 (687) Montreal 399 936 (1228) Los Angeles 467 1123 335 Sydney 1700 1900 0 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Munich montreal Los Angeles sydney Overall Balance Operation cost
- 10. 3.ATHENS & outlook of GREEK • Significant Slowdown Economy. • Smallest Country • Total cost EXCEEDS estimate cost leads to
- 11. Scam 2014 Sochi Russia • Vladimar Putin-21 Fraud Contracts. • $7 billion-14% of total expenditure. • Unjustified project estimates. • Loss to states:170 million at the stadium. 75 million at BOBSLEIGH venue