The Olympics is every 4 years for over 100 years and the decision would have to be why to cancel it and not why to have it. Twice they cancelled it because of the World Wars. They are already setting up for the final decision on where the Olympics for 2020 will be held ( Istanbul, Tokyo, or Madrid ) and have started the selection process for 2024 with bidding to begin in 2015
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London was one of 9 cities that submitted bids to host the 2012 summer Olympics. On 18 May 2004, the IOC, as a result of a scored technical evaluation, reduced the number of cities to five: London, Madrid, Moscow, New York and Paris. On 6 July 2005, the final selection was announced at the 117th IOC Session in Singapore. Moscow was the first city to be eliminated, followed by New York and Madrid. The final two cities left in contention were London and Paris. At the end of the fourth round of voting, London won the right to host the 2012 Games with 54 votes, defeating Paris's 50.
i think to keep people to feel proud and lucky to win a medal and to move there feet.