From:
Columbia Business School's Professor Brett House was quoted in Vox examining why host cities rarely come out ahead financially from events like the Olympics, in the context of the LA 2028 ticket-buying frustrations. In the piece, House explains that the Olympics and similar mega-events such as the World Cup are prone to cost overruns, with organizing bodies like the IOC and FIFA often prioritizing their own interests over local needs. He also cautions that the economic benefits organizers promise to host cities are difficult to quantify and rarely materialize at the scale claimed.
