Episode 3 – Why the Olympic Games do not deliver on their promise of a positive legacy for host cities
The Olympic Games have real value. It is pure sporting competition at the highest level and we as fans love to experience the ups and downs along with athletes. It is also thought to bring prosperity to each new host city via the ‘Olympic Legacy’ which claims to leave behind better infrastructure and long-lasting tourism as well as inspire strong values. But is this legacy truly so positive?
In this episode, we discuss how the International Olympic Committee or IOC have created a system whereby the host city carries most of the risk, leaving the taxpayer to bear the burden of overspending on soon-to-be abandoned facilities, while the IOC move on to the next bigger, flashier Games.