Do Olympic Games boost the economy of the city? Is it ingenious for the host city to consider only the long-term benefits?

Redevelopment efforts are bustling in Stratford district, London, preparing the city to host its Olympic Games in July 2012. The $15 billion effort targets the development of Olympic Park and long term change of East London. The city after winning the bid to host the games, passed the compulsory purchase orders (CPO) to nearly 300 …