1. Chapters 2 & 12
Regina Salice

2. Chapter 2
• World Cup Competitions/ Olympic Games
– Help cities globalize
• 2012 Summer Olympics will be held in London

3. Four Categories of Trade
• Trade Fairs & Exhibition Events
• Cultural Events
• Sports Events
• Political Summits & Conference
Events

4. Benefits
Primary
• Private & public
investment
partnerships
• Environmental
improvements both
in the built and
natural
environments
Secondary
• Connectivity &
infrastructure
legacies
• Wider property
market benefits

5. Positive Impacts From the Sports Event
• In general, what are termed “bigger” events
have greater impact than their “smaller”
counterparts, but not always; some niche
events can have very specific but far-reaching
impacts
• Not all events carry the same cost implications
or risk factors, which would affect the relative
importance of their wider impact

6. Positive Benefits of Hosting Global
Events
• Pick the right
event
• Be bold
• Get the
leadership right
• Bid well with
ingenuity
• Have a plan B
• Accelerate
existing plans &
priorities
• Integrate efforts
• Make the legacy &
benefits come
first
• Manage the legacy
as a separate
project
• Make a habit of
being a host

7. Chapter 12
• “Many studies made by
economist indicate taxpayers
may not be getting such a
great deal after all in the
construction of stadiums”
• Professional sports team play
in facilities heavily subsidized
by local governments
• Cities generally use revenue
bonds to finance their share of
the cost of the stadium
• Some stadiums rent out
parking, concessions and
luxury boxes
• Rental payments can be set to
cover all the costs associated
with construction and
operating municipal stadium
• “NFL Baltimore Raven pay no
rent while MLB’s Chicago
White Sox pay $1 a year for
the use of New Comiskey Park

8. Cost & Benefits
4 Categories
• Direct Benefits
• Indirect Benefits
• Construction Coast
• Operation Expenses
• Re-sending process-
indirect benefit

9. No Matter the Method
• Subsides to sports
teams seems to be
much greater than the
economic benefits
generated to the cities
- “out-of-town” new fans/
new spenders

10. Closing
• “Sports are popular and once the quality-
of-life benefits are included in the calculus,
public spending on new stadiums may be
a good investment for central cities and
their residents”