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Because the economic impact of hosting the Olympics tends to be less positive than anticipated, most cities may be better off not submitting bids.
Recent games have highlighted the ongoing debate over the costs and benefits of hosting such a mega-event. The 2020 Tokyo Olympics continued a decades-long streak of overrunning costs, which rose ...
Tokyo 2020 Olympic and Paralympic Bid Committee, and Tokyo Metropolitan Government, 2012, “Economic Impact of the 2020 Olympics in Japan” (in Japanese). Tokyo 2020 Olympic and Paralympic Bid Committee, 2013, Candidature File.
