Analysts say the evidence is just not clear on whether hosting the Olympics brings a city an important or lasting economic boost. Thanks to new funding strategies and revenue sources, the dark high-deficit days of Montreal will most likely remain in the past. (DW-World.de)
I want to hear from my Canadian readers how it is to still pay the bill for games in Montreal in 1976, via a tobacco tax. According to the Underground Royal Commission:
The 1976 Games ran $1 billion deficit. The city of Montreal still owes $300 million.