Why the Olympics are a terrible investment for the host city

The Olympics are a terrible investment and a huge risk for the host city. Following is a transcript of the video.

Cities pay billions of dollars to host the Olympics. But is it worth it?

Rio estimated the 2016 Olympics would cost $3 billion. Instead, the final cost was closer to $13 billion. The city had to cut healthcare and police spending to afford it. This is what the venues look like just 1 year later.

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Photo by Rodrigo Soldon 2