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Do Olympic Host Cities See the Long-Term Economic Impact?

Throughout the era of the modern Olympic Games, we have seen the number of sporting events expanded, female athletes invited to participate, and the spectacle of the opening ceremonies unfold, but we have yet to see a host city benefit in the long run from the economic development that was supposed to occur due to the Olympics. The Baltimore-Washington region made a bid for host city in 2000, but were beat out by New York City, which lost to London for the 2012 Olympic Games.

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