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Baade quoted on Olympics in Tokyo
An Associated Press sports reporter turned to A.B. Dick Professor of Economics Robert Baade for his input on an article exploring scandal and the high cost of the Olympics in Tokyo next year.
“Sports economist Rob Baade has written extensively on the Olympics. He says the games have reached an ‘inflection point’ as cities realize they are expensive, the short-term benefits are scant and the long-term payoffs are unclear.
“There are fewer cities and nations wiling to compete in this international auction of the games,” Baade, who teaches at Lake Forest College outside Chicago, told the AP. “And in absence of this, the IOC is not going to be able to wring the kind of concessions from potential host cities that they did before.”
Click here for the complete AP story that appeared in the Times Union. The story was picked up by several news outlets.