Economic problems of the Olympics

Immense sport events such as the world cup and the Olympics are seen as a powerful economic source for the country that is hosting it. Yet, there presence always involves enormous costs. These full-sized events can bring over 10,000 people for the month of the duration. This brings an enormous money income for hotels, restaurants, parking lots, etc. When the games are finally over all those touristic places are empty and they can get into bankrupt. Another unpleasant aspect of the Olympics is the tremendous cost for stadiums, security, and housing. Even after the games are over the doubt will continue and will lead to higher taxes on the city. In conclusion the Olympic Games just bring highly prices to the city hosting it.

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http://www.suite101.com/blog/mitchkaplan1/olympics_the_bad_and_good