Mega Sports Events
Mega sports events, such as the Olympics or the FIFA World Cup, usually give the host country, region, or city, an opportunity to achieve a milestone in socioeconomic development, gain visibility, and improve their reputation. They have the ability of boosting activity prior to the event in construction and infrastructure, and during the event in tourism and sales. However, the cost of mega sports events ballooned exponentially in the past decades leading to pressure on the host’s finances and a post-event economic recession. We work with host countries and cities to ensure long lasting and positive economic spillovers.
Mega Sports Events: Cost-Benefit Analysis
Studies tend to overshoot the benefits of mega sports events on the local economy, relying on the multiplier effect and underestimating the costs. We work with decision makers on developing a compelling and realistic cost-benefit analysis, by taking into consideration multiple scenarios.
Useless Stadiums and Unused Roads
Several years after the achievement of mega sports events, expensive stadiums, venues, roads, highways, and other infrastructure built for the occasion remain abandoned and decaying . We help visionary leaders achieve their legacy projects in a flexible way, promoting development strategies that will outlive the festivities.
The Winner’s Curse: A Post-Event Recession
Mega sports events are more likely to have a negative economic impact after the end of festivities, given the halt in associated construction and tourism. We help decision makers design and execute a smooth transition in the new post-event economic realities.