VANCOUVER, British Columbia, Jan. 26 (UPI) -- Cities that win Olympic bids experience neither boom nor bust in real estate prices but they get a boost in construction jobs, Canadian researchers say.
Lead author Tsur Somerville, a professor in real state estate at the University of British Columbia, and Jake Wetzel, a three-time Olympian and 2008 gold medalist, analyzed house prices and construction employment in the years leading up to and after the Olympics in Australian, Canadian and U.S. cities.