In less than a month – the world will be watching as South Korea plays host, once again to the Olympic Games.
With the Games come international attention, media scrutiny and bragging rights.
What also comes with is serious price-tag and left-over infrastructure.
The Olympics, which begin Feb. 9, will cost the host country approximately 14 trillion won ($12.9 billion) – almost double the original estimates of the 8 to 9 trillion won ($7 to 8 billion) South Korea stated when Pyeongchang won the bid in 2011.
That’s a lot of money.
And is it worth it?
Do the Olympics carry the lustre they once did?
Has any country actually been able to make money or put to good use all the facilities that are requires hosting events like luge, bobsledding, biathlons and all those extra arenas?
Is it time for a single destination for the world to converge on each year?
As costs go up – the urge to host internationally seems to go down.
There are a lot of questions about hosting the Games and if the task is worth the price tag -that’s where the experts from Cedarville can help. Andrew Wonders is an Assistant Professor of Sport Business Management and was on planning committees for the Sydney and Salt Lake City Olympic games. He can give a behind-the-scenes look at what is taking place now leading up to the Olympics. Andrew is available to speak with media – simply click on his icon to arrange an interview.
Andrew Wonders, M.S. Assistant Professor of Sport Business Management
Professor Wonders joined the faculty of the School of Business Administration in 2013 following a 13-year career in the sport industry