pros - Lots of money pouring into the country AND the host city itself and the economy grows. There are a lot of overseas visitors and of course, they go back home and tell their friends about the city and that promotes tourism. It also meant more work on infra structures and construction - equates to jobs and economy (yet again). Built facilities are then available for future other uses.
cons - congestion of traffic and human, prices goes up as everyone want to make a quick buck. routine of life gets interrupted as some areas of the city is shut down and some local people DO lose business when there is no traffic coming through, threat of terrorism.
I have experienced some of the above first hand when Sydney hosted the Olympics. I needed to get to sydney for an important onepersonal business just for ONE night. I CAN NOT get a room ANYWHERE in the city. The CHEAPEST room I can find was in the outer suburbs at $350 a night compare to what would have been about $90 max for a not even a 3 star motel.
· 1 decade ago