Economic Impact

: However, it says the Games added £100m to the value of Glasgow economy, thanks to the number of visitors drawn to the event and the extra money that was directed into the city by Holyrood, which may otherwise have been sent elsewhere, according to The Independent. Usain Bolt running Jamaica to gold in the Men 100m relay The report also points out that the economic legacy of the Games may improve with time, as existing arenas and stadia are used to host other events and the benefits of regeneration and improved infrastructure are felt. The results of this analysis suggest at the Scotland level, the immediate economic impact of the delivery of the Games is broadly similar to the impact of…standard government expenditure, it states. So far, 45 extra events have been secured, carrying an estimated economic impact of around £18.5m. Around 690,000 visitors were attracted to Scotland as a result of the Games, supporting 2,137 jobs and contributing £73m to the country economy, it says. As well as the financial impact of the Games, the report also considers the effect of the event on tourism, regeneration, civic pride and culture. (news.financializer.com). As reported in the news.