Question

Describe the economic impact the 1996 Summer Olympic Games had on the state of Georgia. USE COMPLETE SENTENCES IN YOUR ANSWER!!

Answer 1

Step-by-step explanation:

Atlanta also reported a USD 5 billion economic impact as a result of hosting the Games, while the city also saw more than US$1.8bn worth of hotels, office premises, residential buildings and entertainment venues constructed in the 10 years after it hosted the Games.

Local leaders hoped to use the publicity to promote Atlanta's image as an international city ready to play an important role in global commerce. After wining the bid to host the games, Atlanta's preparations for the Olympics took more than six years and had an estimated economic impact of $5.14 billion.

Answer 2

Bringing the 1996 Summer Olympic Games to Atlanta was a long shot. Athens, Greece, was the sentimental favorite to host the centennial games, and tension was palpable as IOC President Juan Antonio Samaranch made the announcement back on Sept. 18, 1990.

"The International Olympic Committee has awarded the 1996 Olympic Games to the city of ... Atlanta," Samaranch revealed.

That announcement launched more than $1 billion of construction projects, from Olympic venues to housing for the athletes. Now, on the 15th anniversary of the games, Atlanta sees both gains and losses from the international event.

One of the most prominent legacies of the games is Centennial Olympic Park in the heart of Atlanta. The 21-acre plaza glistens in what was an area of urban decay, and children run and linger in the fountain.

Harvey Newman, a professor of public policy at Georgia State University, says the park brought economic development downtown.

"The area surrounding the park has added major hotels, condominiums, new office structures and, of course, people continue to flock to enjoy the Olympic rings fountain," Newman says.

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