Why does nobody want to host the Olympics anymore?
The IOC has voted to award two Olympic Games simultaneously for the first time in a century, due to a lack of candidates. DW takes a look at why no-one seems to be interested in hosting the Games anymore.
Hosting the Olympics has always been perceived to carry an enormous deal of prestige, along with vague promises of 'sporting legacies.' It seems that, increasingly, that’s proving not proving to be enough to attract cities around the world.
"The problem has been the perceived extravagance of the Olympic Games and the more or less unlimited expenditure that cities and countries are expected to make, and the limited use that these facilities have after the event," said Stefan Szymanski, co-director of the University of Michigan’s Center for Sport Management and expert on Olympics economics in an interview with Australian website news.com.au. "There’s been a lot of evidence of 'white elephants' and derelict Olympic facilities."
Read the full article at Deutsche Welle by Matt Pearson here: http://www.dw.com/en/why-does-nobody-want-to-host-the-olympics-anymore/a-39636001