Abandoned Places Thread VOL. Fascinating Scary Interesting

This is insane. Do countries come out in the positive as far as the whole olympics go or do they waste all of the money to not even turn a profit?
http://www.businessinsider.com/2022...aign=Feed:+businessinsider+(Business+Insider)
[h1]The Bidding For The 2022 Olympics Is A Disaster Because Everyone Figured Out That Hosting Is A Total Waste[/h1]
Researchers have known for years that hosting large sporting events like the Olympics always costs more than expected and always yields less revenue and useful long-term infrastructure than estimated. Now voters and politicians in democratically elected countries are starting to realize the same thing.
Potential host cities are dropping out of the bidding process for the 2022 Winter Olympics like crazy.

Deadspin's Barry Petchesky has a breakdown of the cities that have scrapped their campaigns to host the event.

Krakow, Munich, and Davos/St. Moritz all withdrew their bids after the public voted against hosting. Stockholm withdrew after the city's government said that "revenues will likely be lower and costs higher" than estimated.

Oslo's bid is on life support amid mounting public opposition. And Lviv, Ukraine's bid looks to be all but finished in the face of widespread unrest in the country.

Bidding on the Olympics has been justified for years by one big economic lie: investing in hosting Olympic Games will lead to long-term economic growth.

It doesn't.

In a 2006 paper, "Mega-events: The effect of the world's biggest sporting events on local, regional, and national economics," Holy Cross economics professor Victor Matheson took this idea to task:

"Public expenditures on sports infrastructure and event operations necessarily entail reductions in other government services, an expansion of government borrowing, or an increase in taxation, all of which produce a drag on the local economy. At best public expenditures on sports-related construction or operation have zero net impact on the economy as the employment benefits of the project are matched by employment losses associated with higher taxes or spending cuts elsewhere in the system."

Matheson also argues that Olympic economic impact reports often ignore the significant costs for things like security and conflate "general infrastructure" with "sports infrastructure."

The things you need to stage a two-week bobsleigh event are different than the things you need for daily life.

The most obvious representation of this is "white elephants" — costly Olympic stadiums that now sit empty. From Sarajevo to Athens to (some fear) Sochi, former host cities are full of examples of buildings that served a specific purpose for two weeks during the Olympics and then immediately fell out of use.

Countries, at least democracies, are no longer buying the economic benefit argument. As a result, we could be headed into an era where only non-democratic governments will want to host the Olympics.

After dropping out of the bidding, Stockholm's ruling party issued a statement saying they had no use for Olympic infrastructure:

"Arranging a Winter Olympics would mean a big investment in new sports facilities, for example for the bobsleigh and luge."

"There isn't any need for that type of that kind of facility after an Olympics."

The final two bidders for the 2022 Olympics are Almaty, Kazakhstan — who's first and only president, Nursultan Nazarbayev, won 95% of the vote the most recent election, which was roundly criticized by international monitors — and Beijing, China.

The International Olympic Committee will vote for a 2022 host city on July 31, 2015.
 
They just did a report on this on HBO's latest edition of Real Sports. The message was, essentially, that after the upcoming World Cup and Olympic games in Brazil, all of the stadiums there will have this eventual fate. They have no use for 12 soccer stadiums (some in the middle of the rain forest in relatively small towns) that will require millions in upkeep/year.

They also checked back in with Greece, whose officials all said that the Olympics were detrimental to the country. Here are the Greek Olympic venues now:

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More photos here: http://www.businessinsider.com/athens-olympic-venues-2014-2?op=1

Beijing Olympic Venues:

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dope 
nthat.gif
 
Bring it back to L.A. I still remember going to the '84 games with my pops. I also remember the world cup in Pasadena. Give these events to cities that can maintain and use these facilities.
 
Now it all makes sense as to why Philly backed out of the 2024 Olympic bids prolly don't want to deal with this
 
Can a person just go to those lands and keep it? :lol:. I wouldn't mind building a house on the soccer fields :lol:
 
Yo what that abandoned island in NY. There was a thread about it and some people was thining about going exploring it.
 
Repped. I love exploring abandoned buildings/ parks/ venues.

Coolest place I've been to so far has been Teufelsberg- an old Cold War Listening Station used by the Nazis way back when. The thrill was real cause I had gone in the middle of the night during a snowsotrm with my cousin and we had to break in through a small hole in the outer fence, and we ended up climbing to the top of the tower . Was a surreal experience because this place was literally a 20 min metro ride outside of central Berlin, so we were definitely on our own out there had anything happened to us.
http://www.abandonedberlin.com/2010/06/teufelsberg-abandoned-spy-station.html







Anyways, don't mean to thread-jack. Thanks for sharing the pics
pimp.gif
. I'll have to add that to my bucket list.
Bro what guns do you bring with you? I hope at least a shotgun. No way I'm going in one of these things otherwise.
 
I'd cop the birds nest in China for a few mill. I'd just host concerts there and stack my money.
 
Yo what that abandoned island in NY. There was a thread about it and some people was thining about going exploring it.




There's an island in the Hudson River about an hour and a half north of NYC with an incredible old castle that either manufactured and/or housed ammunition called Bannerman's Castle. I don't think you can see it anymore because of how badly it has deteriorated.

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:pimp:

I would love to visit these places someday.

NT summit?
 
http://www.businessinsider.com/2022...aign=Feed:+businessinsider+(Business+Insider)

[h1]The Bidding For The 2022 Olympics Is A Disaster Because Everyone Figured Out That Hosting Is A Total Waste[/h1]


Researchers have known for years that hosting large sporting events like the Olympics always costs more than expected and always yields less revenue and useful long-term infrastructure than estimated. Now voters and politicians in democratically elected countries are starting to realize the same thing.

Potential host cities are dropping out of the bidding process for the 2022 Winter Olympics like crazy.
Deadspin's Barry Petchesky has a breakdown of the cities that have scrapped their campaigns to host the event.
Krakow, Munich, and Davos/St. Moritz all withdrew their bids after the public voted against hosting. Stockholm withdrew after the city's government said that "revenues will likely be lower and costs higher" than estimated.
Oslo's bid is on life support amid mounting public opposition. And Lviv, Ukraine's bid looks to be all but finished in the face of widespread unrest in the country.
Bidding on the Olympics has been justified for years by one big economic lie: investing in hosting Olympic Games will lead to long-term economic growth.
It doesn't.
In a 2006 paper, "Mega-events: The effect of the world's biggest sporting events on local, regional, and national economics," Holy Cross economics professor Victor Matheson took this idea to task:
"Public expenditures on sports infrastructure and event operations necessarily entail reductions in other government services, an expansion of government borrowing, or an increase in taxation, all of which produce a drag on the local economy. At best public expenditures on sports-related construction or operation have zero net impact on the economy as the employment benefits of the project are matched by employment losses associated with higher taxes or spending cuts elsewhere in the system."
Matheson also argues that Olympic economic impact reports often ignore the significant costs for things like security and conflate "general infrastructure" with "sports infrastructure."
The things you need to stage a two-week bobsleigh event are different than the things you need for daily life.
The most obvious representation of this is "white elephants" — costly Olympic stadiums that now sit empty. From Sarajevo to Athens to (some fear) Sochi, former host cities are full of examples of buildings that served a specific purpose for two weeks during the Olympics and then immediately fell out of use.
Countries, at least democracies, are no longer buying the economic benefit argument. As a result, we could be headed into an era where only non-democratic governments will want to host the Olympics.
After dropping out of the bidding, Stockholm's ruling party issued a statement saying they had no use for Olympic infrastructure:
"Arranging a Winter Olympics would mean a big investment in new sports facilities, for example for the bobsleigh and luge."
"There isn't any need for that type of that kind of facility after an Olympics."
The final two bidders for the 2022 Olympics are Almaty, Kazakhstan — who's first and only president, Nursultan Nazarbayev, won 95% of the vote the most recent election, which was roundly criticized by international monitors — and Beijing, China.
The International Olympic Committee will vote for a 2022 host city on July 31, 2015.


Great Article

It seems as if every academic economist agrees that these huge venue building projects have, at best, a neutral economic impact and it looks like the public is starting to agree.

I had no idea just how few bids are out there for the 2022 Olympics. That really is astounding. The article makes a good point that undemocratic states may be hosting the next several Olympic Games. I am still surprised that elected governments of major, First World cities do not put forth any bids. Special interests have special powers and while an NFL Stadium or an Olympic Games may be a net cost to the public, those projects redistribute wealth from the general public and towards a handful of construction magnates, hotel owners, politicians and other local elites.
 
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