Why Hosting The Olympics Isn’t Worth It Anymore

It’s no secret that it’s a pricey pain to host the Olympic Games, running billions of dollars above the estimated budget. As the International Olympic Committee receives fewer bids with each problematic games, the future of the tradition is looking unsure. We spoke with Smith College Professor of Economics Andrew Zimbalist on the matter. He should know, he’s written about the Olympic issues in Circus Maximus, No Boston Olympics, and Rio 2016.