The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, U-T SAN DIEGO
Friday, August 10, 2012
Kelly Cunningham, National University System
Answer: YES
The projected revenues specifically raised by the Olympic event may be accurate, although a certain portion of economic activity would have otherwise occurred in London if the event had not been held. The question is how much additional economic activity was generated beyond normal levels, and how much was displaced or crowded out? On the other hand, economic ramifications from the event extend well beyond the two-week period. The benefits for London essentially being promoted and advertised throughout the world will undoubtedly have longer-lasting paybacks. The net profit from hosting the Olympics may not be realized for many years.
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