Economic Impact of the Olympics

Harvey Newman, a professor at Georgia State University, discusses the economic impact of the 1996 Atlanta Olympics, highlighting a $5.1 billion boost and increased global attention. Post-Games, Atlanta's tourism sector thrived, with hotel rooms increasing from 60,000 to 100,000 by 2000. The city's international reputation improved, but some local businesses, like restaurants, faced challenges. The discussion also touches on the competitive nature of future Olympic bids.

What was the estimated economic impact of the 1996 Atlanta Olympics?

• $4.8 billion

• $7.2 billion

• $5.1 billion

• $3.5 billion

How many hotel rooms were added in Atlanta by the year 2000?

• 30,000

• 20,000

• 40,000

• 10,000

How did the 1996 Olympics affect Atlanta's tourism sector?

• It was unaffected by the Olympics

• It accelerated investment and growth

• It remained unchanged

• It declined significantly

What was one of the positive outcomes for Atlanta after hosting the 1996 Olympics?

• Decline in tourism sector

• Reduction in hotel rooms

• Decrease in international visitors

• Boost in the city's international reputation

What was a downside for the restaurant industry in Atlanta post-Olympics?

• Mixed success with some restaurants failing

• No new restaurants opened

• Complete shutdown of the industry

• All restaurants thrived

What was the impact of the global television presence during the 1996 Olympics?

• It decreased tourism

• It harmed the city's reputation

• It had no impact

• It enhanced the city's international reputation

Which sector experienced a 'crowding out' effect during the Olympics?

• Education

• Healthcare

• Sports and amusement parks

• Technology

What was a challenge for local businesses during the Olympics?

• Increased demand for local products

• Focus shifted to Olympic-related purchases

• Lack of international visitors

• Overwhelming success of all businesses

What was unique about the 2012 Olympic bid process?

• No political leaders were involved

• Four heads of state promoted their bids

• Only one country bid

• The bid was canceled

What was a potential benefit of the president's involvement in the 2012 Olympic bid?

• It could leverage his global popularity

• It guaranteed the bid's success

• It had no effect

• It was detrimental to the bid