Economics Explored

The Olympics - economic boon or burden?

Episode Summary

Brisbane, Australia is likely to host the 2032 Olympics, but does this make economic sense for Brisbane? Does hosting the Olympics make sense for any host city given big cost over-runs and lower-than-expected benefits experienced by previous host cities? 

Episode Notes

Brisbane, Australia looks set to host the 2032 Olympics. It's claimed there's a new model for delivering Olympics which will mean the host city will actually benefit from it. But can the claims be believed particularly given the experience of previous host cities such as Montreal and London, and when there are secret meetings of the City Council to finalise the bid? Economics Explored host Gene Tunny discusses the economics of the Olympics with Dr Alistair Robson, who is an adjunct senior lecturer with the University of NSW. 

Links relevant to the conversation include:

Councillors to be briefed on secret Olympic bid details before vote

James Gieseke and John Madden study of Sydney Olympics in 2000

4 legacies of the 1976 Montreal Olympics you probably didn't know about | CBC News

Australia's Queensland state will bid for 2032 Olympics (re. KPMG's economic impact estimates)

2032 Olympic and Paralympic Games Value Proposition Assessment