Staging a big cycle race is good for a city's bank balance

An economic impact study by the Canadian Sport Tourism Alliance has demonstrated last year's world road cycling championships in Hamilton, Canada, generated turnover of $31.1m for the city and $17.2m for the rest of Ontario. The spend by the city was just $4.5m.
Author:
Publish date:

The races themselves turned a profit of $1.1m. Canada's National Post newspaper quotes David Braley, who chaired the race organising committee: "[I've] never been prouder of my hometown."

At the time, many Hamilton residents complained about the coming of the world championships, citing traffic restrictions and residential neighbourhood disruption.

Final accounting figures are being audited, said The Post, and will be submitted to federal and provincial governments.

Featured Jobs

cls logo_jpg 600x348

Bike Mechanic

Club La Santa I Lanzarote, Canary Islands I Competitive Salary & Benefits I Date Published Monday 7th January 2019

LTR coral logo 620x349

Local Project Manager (x3 roles)

Love to Ride I North East Lincolnshire, Slough, Southampton I Salary: £32,500 equivalent (PT, temporary) I Date Published Monday 7th January 2019

Logo stacked

Head of Marketing

Brompton I West London I Salary Competitive I Date Published Wednesday 9th January 2019

BE2016_googlelogo

Senior Sales Executive

BikeExchange I UK Nationwide I Salary TBC Depending on level of experience I Date published Wednesday 16th January 2019