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The Positive And Negative Impact Of The Calgary Olympics

535 Words3 Pages

The Calgary Olympics encourages investment in transportation, many foreign visitors that will come will bring a boost to the local economy. A major sporting event like the Olympics can attract thousands of people for the duration of the games. This creates jobs for the local economy for up to 4 years before the event. These extra jobs help create a positive effect on the local economy. Since Alberta is in a recession it will help bring us back to normal and people will know more about Calgary and it's culture. Tourist trade shops will benefit and the money will go back to the economy. Hotels will also benefit because of the large amount of tourists and Olympics lovers. It is estimated that will lead to a boost in economic growth due to the higher amount of foreign visitors. This also leads to higher tax revenues for the government which will help bring Alberta's economy back up.. Some people argue a huge sporting event can lead to a long-term growth in visitor numbers. …show more content…

In Calgary here we currently have many sporting venues that can be reused and renovated if necessary. There is a lot of facilities such as the Olympic oval, Winsport Canada Olympic park, etc. The Winter Olympics would have a large and strong impact on Alberta's growth from our current state that we are in. In many cases, taxpayers pay for the cost of building but get a poor return in terms of improved public services, but we don't need to make any more facilities, we can save money and put that money somewhere else. Even if we are compelled to build new revenues, all of those buildings will be publicly open for Calgary's citizens to

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