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Every two years 500000 spectators flock to one city with pockets full of cash waiting to be spent on a lifetime event If its not obvious to you I am talking about the Olympics a celebration of athletics goodwill and money For the last 20 years the Olympics has placed a large emphasis on its marketing and money-making strategies benefiting the host cities History has shown that hosting the Olympic Games is a huge boost to the economy of any host city It is evident by profit from the last Olympics and the nation-wide publicity that Torontos economy would increase by hosting the 2008 Olympics The goal of the modern Olympics is to turn a profit and leave a legacy The legacy can take many forms such as rejuvenation of physical land improvement of infrastructure and finally to increase and encourage tourism A city is only as great as its buildings and communities make it When the Olympics comes to a city it is given a chance of a lifetime to use free funding from all levels of government to increase and improve the neighborhoods and skyscrapers If for instance Toronto did win the bid for the 2008 summer Olympics our three levels of government would provide funding for land improvements in the Greater Toronto area such as improving the water-front or adding additional housing and workplace buildings The city is prepared to spend one point five billion dollars on redeveloping Torontos waterfront to improve conditions in Toronto and get ready for hosting the Olympics These improvements would create jobs for contractors and other people needed to build while improving the Toronto building and housing situation The job rate will increase and as more people make money more money will be spent and put back into the economy The extra workplace buildings would increase Toronto businesses If more spaces were avaliable for rent then more business could move into the Greater Toronto area and
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