The Cost Of Hosting The Olympics

The video discusses the financial challenges of hosting the Olympic Games, highlighting the rising costs associated with bidding, building venues, and infrastructure. It explains the concept of 'eternal beginner syndrome' where new host cities face budget overruns due to inexperience. The video also explores the economic impacts on host cities and the difficulty in finding willing hosts. It concludes with suggestions for sustainable hosting, such as using existing facilities and reducing bidding costs, as outlined in the IOC's Olympic Agenda 2020.

What is one of the main financial challenges cities face when hosting the Olympic Games?

• Lack of sponsorship deals

• Expensive bidding process and venue construction

• High cost of athlete accommodation

• Low ticket sales

What is the 'eternal beginner syndrome' in the context of the Olympics?

• A strategy for marketing the Olympics

• A condition related to the weather during the Games

• A term describing cities hosting the Olympics for the first time

• A syndrome affecting athletes' performance

Why have some cities withdrawn their bids to host the Olympics?

• Due to political instability

• Because of the financial burden

• Lack of interest from the public

• Poor weather conditions

What is one of the IOC's recommendations to make the Olympics more sustainable?

• Increase the number of sports

• Use existing facilities

• Extend the duration of the Games

• Reduce the number of participating countries

Which city is suggested as a potential permanent host for the Olympics due to its existing infrastructure?

• Beijing

• Los Angeles

• Paris

• Tokyo