As we watch Red Gerard, Shaun White and Mikaela Shiffrin all bring home the gold, we were wondering (because after all, we are corporate real estate geeks) if the Olympics themselves turn into gold for the host city.

Here’s an interesting take from Investopedia that concludes the Olympics turn into a net loss for cities in most cases:

“The economic impact of hosting the Olympics tends to be less positive than anticipated. Because most cities have ended up falling massively in debt after hosting the games, cities without the necessary infrastructure may be better off not submitting bids.”

Still most host cities do benefit from infrastructure upgrades and facilities that can be repurposed after the games end. And how can you put a dollar value on glamour shots of your city with Katie Couric demonstrating the best local cuisine?

All this, if nothing else, is good fodder for your next networking function. And if you really want to impress, there’s this:

Four cities have been chosen by the IOC to host upcoming Olympic Games: Tokyo for the 2020 Summer Olympics, Beijing for the 2022 Winter Olympics, Paris for the 2024 Summer Olympics, and Los Angeles for the 2028 Summer Olympics.

You’re welcome.