Economic Impacts of 2012 London Olympics

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Forbes.com listed the 2012 London Olympics as one of the 10 sports business stories to watch in 2012.

The cost projection of the London Olympics had been grown from $3.6 billion in 2005 to $14.4 billion in 2007. Forbes.com expects the total cost of the London Olympics would be between $15 to 18 billion. This number is the second most expensive Olympics below the 2010 Beijing Olympics with the cost of $40 billion.

As discussed before, hosting the Olympics can bring positive economic impacts to the hosting country and the city even it costs a great amount of money.

The Olympics: Does it actually help the economy of the host countries?

Pyeongchang, South Korea will host 2018 Winter Olympics

          
On July 7^th, South Korea won to host 2018 Winter Olympics. South Korea calculates to gain 27billion dollars by hosting the Olympics. Also, the potential economical benefit of the Olympics is estimated as twice as large as the benefit of the 2002 Korea-Japan World Cup and 4 times lager than 1988 Seoul Olympics. As South Korea, a lot of countries try to host the Olympics to boost their economics. However, it is hard to say the Olympics always bring economical benefit to the host countries.