I live about an hour away from Lake Placid, NY, which hosted the 1980 Winter Olympics ("Do you believe in miracles?"). Jim asked what you do with the structures after the Olympics leave. Well, the dorms where the athletes lived is now a minimum security prison. The venues remain and are used for national and international competitions and are open to spectators. The bobsled and luge runs are open during the summer when they use bobsleds with wheels and let people experience what riding in a bobsled is like ($60 each person for a 1/2 mile ride--kids and I did it for free and it is really cool). The kids both also played hockey on the same rink where the miracle took place and both skied/snowboarded down Whiteface Mtn.
Jim is right in that most of the jobs created are service sector jobs.
Property owners made a killing renting their houses.
I was not w/UPS in 1980 but the older drivers have told me that it was a PITA. They had specified delivery times where they were allowed to be in the villlage, which was early in the morning. Traffic was a nightmare.
I don't find fault with what Obama tried to do but I think the outcome was decided long before any presentations were made. As an athlete I think it would be pretty cool to go to Rio for a few weeks. Chicago...not so much.
And I got to experince the Wintergames in 1988 in Calgary. One of the best times of my life.
Calgary Flames got a nice new hockey rink out of it (saddledome).
The Olympic Oval at the Univeristy, still very much used, as well as a training center for new Olympians and Speedskaters.
Same thing with the bob and luge runs here, and as attraction.
Ski jump, thats kinda nasty white elephant.
But again, used for training.
And having those Olympics paid out big time.
Was also the most successful Olympics ever. They walked away with a few hundred million in surplus !
Back then Canada only got 3 medals total or something low like that.
Now, with all the training facitities, we could easily win it all.
The Olympic Villiage (which was awesome - built on a hill), was sold as condos.
I hear Vancouver, those will be social housing.
But, you did forget the high paying construction jobs !
But, there can always be that major downfall, I believe Montreal is still paying for it's 1976 Summer games !
(back then not enough sponsors, money wasn't like it was just a few years back).
And getting high paying sponsors in this climate... maybe best Chicago didn't get them.
And could you imagine the huge security costs alone ?
Besides, as odd as this may sound, but Brazil has more money.