VOICED: Hosting the Olympics during the Great Recession

The video discusses the financial challenges faced by the Vancouver Olympics due to a global recession. It highlights the city's efforts to refinance the Athletes Village and the impact on housing plans. While the Olympics brought temporary jobs, critics argue it negatively affected low-income communities. Despite concerns about long-term debt, enthusiasts believe the event will boost tourism and economic prospects in the future.

What was a major concern for the Vancouver Olympics organizers during the worldwide recession?

• The completion of venues

• The availability of athletes

• The pricing of tickets

• The weather conditions

Which financial institution was involved in the Vancouver Athletes Village project?

• BlackRock

• JP Morgan

• Fortress

• Goldman Sachs

What was a consequence of the economic crisis on Vancouver's housing plans?

• Increase in housing prices

• Downsizing of low and middle-income housing plans

• Introduction of luxury apartments

• Expansion of housing projects

What is a criticism mentioned regarding the jobs created by the Olympics?

• They are mostly in the technology sector

• They are mostly high-paying

• They are mostly temporary

• They are mostly permanent

What potential future benefit do Olympics enthusiasts hope for?

• Increased local employment

• Higher ticket sales for future events

• Increased tourism

• More international sports events