Comment Re:Who reported it? (Score 1) 1040
There have been reports which say that places like Atlanta are still paying for the olympics.
I was under the impression that Atlanta was one of the success stories of economic growth resulting from hosting an Olympics. This story indicates that there were net economic benefits from hosting the Olympics, but you are generally right, the economic benefits from hosting the Olympics are questionable in general. As others have mentioned, Montreal only recently finished paying off the Olympic stadium they constructed for the 1976 games. The Birds Nest stadium that the Chinese were so proud of is scheduled to host 1 event in 2009, but using Beijing as an example is dubious since it seemed clear from the beginning that the Chinese intended to host a hugely wasteful Olympics for ego purposes.