I thought the main counterexample to that argument was the fact that it has never worked anywhere.
From what I've heard, the Olympics have failed to benefit every city that's hosted them except LA, and the reason they were good for LA was specifically that no new infrastructure was built to accommodate them.
From what I've heard, the Olympics have failed to benefit every city that's hosted them except LA, and the reason they were good for LA was specifically that no new infrastructure was built to accommodate them.