Generate text that refutes this claim: The bidding process is too long, tying up funds and land  The bidding process takes too long. Bidding officially takes only two years (unless a city fails to make the shortlist), but most cities spend nearly a decade working on their bids. Obviously the bidding process costs money but it also ties up the land needed for any future Olympic Village or stadia from being developed until the bid outcome is known, as well as diverting government funds away from other sporting events and activities. Furthermore, the way the IOC works with each member deciding which city they wish to vote for means that personal relationships and international tension can count for more than the quality of the bid. For example, American foreign policy is thought to be disadvantaging New York in the 2012 bidding process. Given that the Olympics are 'rotated' between continents, if a city fails to be selected it will be 12 years before it has another chance.
y business finance government sport olympics house believes hosting olympics good
The bidding process is not too long and does not tie up funds or land that would otherwise be developed. Furthermore, the Olympic bidding process would not be as difficult, expensive or long if the benefits to the eventual victor were not deemed worth all the time and effort. The unsuccessful bids are not wasted, the plans drawn up and experience of the process can be utilized for later bids. Moreover, the exposure granted to land earmarked for Olympic redevelopment can both generate interest in the area and lead to further development in the area regardless of an unsuccessful Olympic bid. The bidding process is now open and trustworthy. Whilst the 1998 Salt Lake City scandal did reveal huge levels of endemic corruption, IOC president Jacques Rogge has taken significant steps to stamp it out. Cities can now be confident that the best bid will win and that they should not be put of bidding to host because they fear they will lose simply for not being corrupt enough.