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You are here: Home Life in Blogs & photos Oye, rubia: Why Madrid is not ready for 2016 Olympics

22/10/2009Oye, rubia: Why Madrid is not ready for 2016 Olympics

Blogger Kristen Bernardi voices an unpopular opinion on why she is okay with Madrid not hosting the 2016 Olympics.

Like everyone, I was stunned when Chicago was voted out first. Then Tokyo. It came down to Rio de Janeiro and Madrid. My Spanish coworkers and I watched the final decision live online, holding our collective breath and thinking that maybe, just maybe, Madrid would host the Summer Olympics in 2016.

Sadly for all the madrileños who had a corazonada, it was not meant to be.

I know I sound like a big jerk here, but I kind of figured this would happen.

Problem #1: Madrid is broke. Seriously. We have no money. According to the Banco de España, the capital’s debts have increased by about EUR 6 million over the past five years. The International Monetary Fund (IMF) just announced that all the economies in Europe will begin to recover in 2010, except Spain. Unemployment is currently at 18.5 percent, and some experts have predicted that it could reach 25 percent – a quarter of the population – by the end of 2010.

Problem #2: While loads of good things come from hosting the Olympic Games – national pride, improved infrastructure, a boost in tourism – hosting the Olympics is incredibly expensive.

In a city still reeling from a burst housing bubble, the Olympic Games coming to Madrid could mean that thousands of residents would be displaced from their homes to make way for new roads and venues.

AFP PHOTO / DOMINIQUE FAGET
People react in the centre of Madrid on October 2, 2009 after it was announced that Rio de Janeiro will host the 2016 Olympic Games following a vote by the International Olympic Committee in Copenhagen

The Swiss-based Centre on Housing Rights and Evictions (COHRE) recently studied the past seven cities to host the Summer Olympics (which includes Barcelona in 1992) and released some interesting findings. When it comes to displacing residents, they found that city officials often shut off utilities if residents aren’t willing to ‘get out of the way.’ Most recently, Beijing displaced 1.5 million people to host the 2008 Summer Games.

The repercussions of Olympic planning don’t end once the athletes arrive. “Barcelona, touted as the most successful recent games, registered a 240 per cent increase in new house prices in the run-up to the Olympics,” the study revealed.

Then there’s the aftermath. Athens was left EUR 8 billion in debt after it hosted, and the most famous example of Olympics-induced financial burden is Montreal’s ‘Big Owe’ stadium, which took 30 years to pay off.

Problem #3: Obras – Mayor Gallardón’s perpetual road works. Anyone who spent time in the centre of Madrid this summer knows that the Puerta del Sol looked more like Dresden in ‘45 than the bustling commercial heart of the city. Plaza de Colón is still a shambles.

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