Very interesting expose' piece by Summit Voice.
Over and up on the Summit County Citizens Voice.
"SUMMIT COUNTY— As Colorado boosters once again talk up the idea of a potential bid for the Olympics, it’s worth paying attention to what has happened in other recent Olympic venues with regard to the financing of the multi-billion dollar venues needed for the games. This issue is especially poignant in Colorado, given that voters in the state chose to reject the 1976 Olympics based partly on concerns about putting taxpayers on the hook for the bill.
As often as not, organizers of Olympic bids swear up and down that will never happen, yet two years after the 2010 winter games, Vancouver residents are still paying, and the citizens of London are also facing a £326-million bill after the city decided to bail out the developers of the Olympic village in a closed-door meeting with no public input.
In a recent paper, University of Alberta sociology professor Jay Scherer examined how the 2008 economic crisis and undisclosed local political commitments led to the Vancouver fiasco. He attributed the Vancouver and London woes primarily to the economic crash and to a lack of transparency and communication with citizens...."
(Summit Voice)
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