One day I was having discussion with my colleague during lunch time about the impact of 2012 Olympics in London on City's economy. Specially, the East London. The discussion wasn't finished as neither of us had empirical data readily available at that moment to see if Olympic organisations had any Positive impact on the organising city if at all. So here are few links I googled to get to know if there were any positive impacts on host city's economy based on previous Olympic events. The discussion on this blog on New York Times suggests negative impact. Montreal's Olympic [1976] debt of $2.7 Billion was paid in 2005. Barcelona [1992] was neither in profit nor in loss but public debt went up to $ 6.1 billion. Same history was repeated at Sydney, Athens Olympics too. However, in case of Barcelona, Olympic helped the city to register the city on world tourist map. Moreover, Olympic event can be beneficial for the host cities on investments in terms of new Roads, Bridges ...
Please leave comments if you find any of the post useful. This will encourage me to right more frequently and probably on wider topics.