I suppose “offering” might not be the right word, but I think the whole point is whether it is a waste of taxpayer money or not. As I wrote, I don’t think it makes sense to expect a worthwhile economic return from hosting the Olympics, but there is of course other types of “wealth” besides money. For example, if only money mattered a building should be built in as cheap a fashion as possible, but spending a bit more on making it beautiful is worth (to me at least) for the “wealth” it provides society in improving the beauty of our surroundings. I think the question becomes if it is worth the cost of hosting the Olympics, for the “wealth” of allowing the citizens of a country/city a chance of attending without travelling half way around the globe. Additionally there’s the “wealth” gained from the civic pride of having your country/city be the center of the world’s attention in a largely positive manner for the course of the games.
“Pointer”, ha!