Is The Olympics Good for the
Every two years 500,000 spectators flock to one city with pockets full of cash waiting to be spent on a lifetime event. If it's not obvious to you, I am talking about the "Olympics": a celebration of athletics, goodwill, and money. For the last 20 years, the Olympics has placed a large emphasis on its marketing and money-making strategies benefiting the host cities. History has shown that hosting the Olympic Games is a huge boost to the economy of any host city. It is evident by profit from the last Olympics and the nation-wide publicity that Toronto's economy would increase by hosting the 2008 Olympics. The goal of the modern Olympics is to turn a profit and leave a legacy. The legacy can take many forms such as rejuvenation of physical land, improvement of infrastructure and finally to increase and encourage tourism. A city is only as great as its buildings and communities make it. When the Olympics comes to a city, it is given a chance of a lifetime to use free funding from all levels of government to increase and improve the neighborhoods and skyscrapers. If for instance Toronto did win the bid for the 2008 summer Olympics, our three levels of government would provide funding for land improvements in the Greater Toronto ar
That statement however leaves out what the world will be bringing with it. The newly built buildings and Olympic locations would increase the value of property in that area and create a larger tax revenue. This includes about 10,000 athletes, 21,000 journalists and 406,000 tourists. With better well and sewer systems, housing would be able to be arranged differently to fit more people and the simplicity of the system would appeal to more residents. Toronto needs more hotel and convention space, he said, and the lingering effects of hosting the Games would benefit the industry for years" With the Olympics coming, the industry would have no choice but to expand because there would not be enough places for people to stay and it would be like throwing money away for an investor to refuse the opportunity. For Calgary it was the excess one hundred and fifty million dollars and world renowned athletic facilities, for Beijing it will be the treatment of people and human rights and one day for Toronto it will be the increased economy and quality of life. The tax revenue in the end would come back into the city increasing the economy. As the hosting city, Toronto would have to advance its technology, particularly in the television broadcasting field, to the nation's standards. Therefore, in the same train of thought many corporations will sponsor olympic buildings that are used for sporting events to promote their company and patriotism, but in the end Toronto will benefit by getting a free building to keep after the Olympics is over. Also with greater need for technology, more emphasis would be put on ways to simplify, advance and improve it. If they don't decide to stay, they will end up visiting and the tourism rate will increase. " A local hotel owner said he is anxious to see the Olympics, but not just because he needs the business. At this moment, Toronto is a well-known infrastructure that is busting at the seams to improve but constantly comes up short on funding. One of the problems with the tourism industry in Toronto is the lack of hotels. Infrastructure presents the idea of a solid foundation that over time needs replacement and growth within a community.
Common topics in this essay:
Air Canada,
Olympic Games,
Calgary Olympics,
Front St,
North America,
,
Sydney Australia,
Union Station,
Toronto Toronto,
olympic games,
tourism industry,
hosting olympics,
olympics increase,
Canada Center,
toronto's economy,
encourage tourism city,
olympics comes,
comes city,
toronto economy,
hosting olympic,
levels government,
olympics comes city,
hosting olympic games,
|
Acceptance Essays
