Did you know that the average cost to host the Olympics is about $12 Billion just for sports related costs, with some cities spending as much as $60 billion on the event. While everyone loves the Olympics, Hosting the Olympics is a different story and has proven to be detrimental to some cities in a number of ways.
Jul 22, 2021 — In the run up to the Rio 2016 Olympic Games, the favela community of Vila Autódromo was virtually destroyed. It sat on prime real estate at ...
Jul 29, 2021 — A total of about 6,000 were evicted from their public housing. Unhoused Atlantans were forcibly removed from high traffic Olympic areas, ...
Jun 1, 2021 — In host cities, the games have displaced residents, sped up gentrification, and increased policing and the militarization of the public sphere.
Spending lavishly on a short-lived event is, economically speaking, a dubious long-term strategy." There are exceptions: Los Angeles in '84 and Barcelona in ' ...
As a Vancouver resident, there are no decrepit buildings left over. A better highway to Whistler got built, Athletes village is a well lived in ...
Jul 24, 2021 — There's no reason to rebuild the Olympic Shangri-La every four years. It doesn't make sense for the cities. It certainly makes no sense from the ...
The Olympics are coming back to Los Angeles. But the games are notoriously bad news for poor people in host cities. September 28, 2017
Because the economic impact of hosting the Olympics tends to be less positive than anticipated, most cities may be better off not submitting bids.
Aug 24, 2021 — Researchers and activists argue the financial and human cost of hosting the Olympic Games may outweigh the benefits.
What I Learned from this video and additional reporting - City politicians and games promoters lie about the costs. Taxpayers can suffer for a lifetime from the debt burden.
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