August 20, 2012, 7am PDT
In the quadrennial competition to secure mega-events such as the Olympics and political conventions, the economic benefit to host cities is regularly flaunted. Carl Bialik looks at why big events may not mean big bucks for their host cities.
December 2, 2010, 1am PST
Two major international decisions are being made today:
which countries will host the 2018 and 2022 World Cups. The selected hosts will
undoubtedly celebrate their victories, and look forward to the soft and hard
benefits of hosting this most watched of sporting events. The host countries
should also take care to prepare for negative impacts – short- and long-term
effects that play out in physical, social and economic ways. Who gets selected
is surely important in some ways, but when considering these mega-events in
terms of their potential impact on the places in which they're held, who hosts
the World Cup doesn't really matter.