Oct. 2, 2014
Hosting a monster event like the Olympics is a major undertaking, one that involves a massive infusion of public money and a realignment of public priorities, all on the bet that the payback will be worth it.
Sometimes, a host city measures its Olympic success more in symbolic and political terms than in dollars and cents.
In 1936, the National Socialist government in Germany, which had been awarded the Games before the Nazi rise to power, saw the summer Olympics in Berlin as a chance to propagandize its views of racial supremacy.
The 1964 summer Olympics in Tokyo allowed Japan to demonstrate it belonged to the community of nations.
Sometimes, the payoff is clear in economic terms. Continue reading