Across the country, cities invested millions of dollars into sports delveoplment strategies to keep or lure pro teams to their city (Waldron). For example, the city of Cincinnati spent 424 million dollars on the Cincinnati Bengals but later “had to sell a public hospital to clo se budget holes” (Waldron). The financial numbers are stagering. Some of these cities previously expended money on the sports entertainment market but mysteriously ran out when it came time to balance the budget or to make vital improvements in the city. Cities will continue to spend large amounts of funds on NFL teams because the allure of the franchise and the notority they bring with them is to great to say no
In Frank Romero's painting "Going to the Olympics, 1984" There are cars waiting in traffic, palm trees, hearts above each car, Olympic Stamp, a racing horse, a blimp that says "Good Year" on it, wrestling men, and an iron. The cars in traffic symbolizes that the Olympic is such a big event that year that there were a lot of cars waiting for hours. The Olympic stamp could mean that the Olympics are being hosted. The racing horse and two wrestling men symbolize the Olympic games. The iron symbolizes
I feel there should have been more private investments, and that way, the city wouldn't be holding the debt of something that hasn't made good on the return. Proponents of public financing of stadium and arena construction often make the argument that the facilities will be literally “self-financing.” The way the facilities will become “self-financing” is by generating thousands of jobs, increasing tourism, and providing an even better experience for fans attending the games. If a city is interested in “re-developing” a certain area, stadiums and arenas are seen as a possible catalyst for the intended rejuvenation. Stadiums are massive projects that can transform the landscape of a city practically overnight and perhaps put the city on the map nationally.
Doc 9 shows how in 2002 the Pakistani team is bringing shame to Pakistan because they are not honouring the government and how the teams in the past did. One other document that would be useful to gain more insight into the money part of the olympics is to see a document showing the cost of an olympic game and how it varies per country or
Another reason, why Toronto should have hosted the Olympics were because Toronto has one of the biggest fan bases in the world. If money was the issue, the mayor has underestimated the fans of the best city in the world. With fans like auto Toronto, we would have made more money than spending
Having publicly funded stadiums built is a position that is reasonable and should be supported. Reasons that having publicly funded stadiums built are a good idea includes that idea that having the stadium built in a city will help with the increase of jobs from a construction project, to concession workers. Having the team franchise move to the city will help other types of jobs from having the wealthy athletes living and using local services, and having the sport team move to the cities will help bring up the national pride of the city.
The vast majority of the money came from the sale of television and marketing rights. Such as advertisements and big companies wanting to be televise the event like fox sports. The only difference is the amount of money they make because they make their money the same way it’s just how many people watch and what they charge for certain
Document 5 includes the statement of the Mayor of Tokyo in 1972. In his statement he states that the games helped his city rise in world trade power. On that note, in document 9 they show a graph representing the increasing numbers in money for the Olympic committee to gain TV and radio broadcast rights. The Olympic games have a ton of money hiding in its name. Millions of dollars are spent every game that follows.
Without athletes there would be no games, and hence no money and why they should be financially
Sports are something most Americans can relate to; many of us played some type of sport as a kid and some of us are die-hard fans. Sports have developed with us as a society and have become an interwoven piece of our culture and their effects can be seen in many cities countrywide. The facilities where these teams play can become a centerpiece of the local community and the teams themselves can bring people from all walks of life together in search of one mutual goal, for their team to win. The controversy arises when it comes to how many professional stadiums are routinely being funded and whether taxpayers should foot the multi-billion-dollar bill. This has not always been a controversy, however, as prior to 1953 stadiums were largely funded
Grapes of wrath won the 1962 Nobel Prize ("The Nobel Prize in Literature 1962. " The Nobel Prize in Literature. N.p., 2014. Web. 12 May 2017.).
They have to pay the bills to keep their stadiums up and running. There is a lot of staff and security that have to help work their games as well. We can’t exclude the coaches, and staff that help run the games as
People claim that the players are the reason people come to the games. Their performance dictates the crowd and the fan base. That since the players are the ones exposing themselves to risks and dangers they should at least receive a compensation. The players do play a big part in the program’s success, but there is a great amount of work done elsewhere. The cost to run and operate a sports program can prove to be a pretty penny.
To gain a better understanding of how the Olympic and Paralympic games affect and are affected by the host nation I am going to compare and contrast the London games to the 2008 Chinese games and the upcoming Brazilian games.
Cities around the world bid millions for the chance of hosting the world’s greatest athletic event: the Olympic Games. Tokyo, Japan spent $150 million to bid for its spot as the 2016 Summer Olympics host, but it ended up losing that bid and the millions of dollars (McBride 5). When Boston had the chance to bid for the 2024 Olympics, many Bostonians were protesting against the Olympics in Boston (Gregory 2). Their anger stems from the negative effects the Olympics bring to its host city. In Montreal, the Olympics inundated the city a $1.5 billion debt (McBride 3).
