Sustainable Olympic Development: A Proposed Benchmark for Managing Economic Outcomes.

dc.contributor.authorKoba, Timothy
dc.contributor.authorGong, Hua
dc.contributor.authorRoss, Walker J.
dc.contributor.authorGrady, John
dc.date.accessioned2022-11-02T00:41:47Z
dc.date.available2022-11-02T00:41:47Z
dc.date.issued2021-03
dc.description.abstractNo other sporting event possesses the grandeur of the Olympics, and few other development projects demonstrate the lack of cost containment as the Olympics which leaves local residents paying the debt and maintenance of a venue they may never use. Legacy planning is an important consideration for the hosting of the Olympics, but one that does not always receive adequate consideration resulting in the "white elephant phenomenon." This study therefore looked to analyze the cost of hosting the Olympics compared to the economic activity in the host community in order to better inform public policy on the issues of sustainability and legacy, in particular. We are proposing a metric that helps to measure the costs that Olympic hosting has on the host community and provide a benchmark for containing those costs in terms of budgeting, construction and legacy planning for the Games. Consequently, the IOC can institute policy changes for project management that assist host cities in establishing a budget cap for venue development while simultaneously seeking to reduce the crippling debt that has accompanied them in the past. ABSTRACT FROM AUTHORen_US
dc.identifier.citationKoba, T., Gong, H., Ross, W. J., & Grady, J. (2021). Sustainable Olympic Development: A Proposed Benchmark for Managing Economic Outcomes. Journal of Global Sport Management, 6(1), 49–69.en_US
dc.identifier.issn2470-4067
dc.identifier.urihttps://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=s3h&AN=149264490&site=eds-live&scope=site&custid=s5615486
dc.identifier.urihttp://hdl.handle.net/11416/902
dc.language.isoen_USen_US
dc.publisherTaylor & Francisen_US
dc.subjectOlympicsen_US
dc.subjectSustainable developmenten_US
dc.titleSustainable Olympic Development: A Proposed Benchmark for Managing Economic Outcomes.en_US
dc.typeArticleen_US

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