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Olympism in Action Forum - Working Zone 6A

310 views · Published 12 October 2018 · 1:22:52 · Indexed 31 October 2026

Channel: IOC Media · 2018 · Sports

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Economics, Legacy & The New Norm

Hosting major sporting events is frequently used by city and national governments as a catalyst for positive change, whether it be increasing tourism, expanding transportation infrastructure, or raising a city’s global stature. 

However, what is initially planned by organizers as positive legacy initiatives takes time to be realised and is sometimes in stark contrast to the post-event expectations. 

The organisers of the Olympic Games have faced challenges such as oversized venues or venues that are underutilised for some years before finding a viable future. Considering these challenges of the past, the International Olympic Committee has developed a set of 118 new reforms, which comprise “The New Norm.” 

These reforms aim to completely transform how the Olympic Games are delivered (from candidature phase to Games organization) and how they can create an impactful, positive legacy. 

In this working zone, leading economists and experts will discuss challenges of bidding for and hosting the games and debate what needs to be done to ensure the Games are organised in a more economically beneficial and flexible way.

Facilitator: Sonali Shah, Broadcaster & Journalist, United Kingdom

• Fraser Bullock, COO & CFO, Salt Lake City 2002, United States
• Holger Preuss, Professor, Johannes Gutenberg-University, Germany
• Andrew Zimbalist, Chairperson and Robert A. Woods Professor of Economics, Smith College, United States

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