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Costliest Olympics

Posted on 1/20/14 at 1:55 pm
Posted by TejasHorn
High Plains Driftin'
Member since Mar 2007
10987 posts
Posted on 1/20/14 at 1:55 pm
quote:

The 2014 Sochi Olympics are on track to be the costliest ever -- with the Russian government shelling out an estimated $50 billion on the Winter Games and related infrastructure.

The plan was to spend $12 billion.





Next: Athens.



LINK
This post was edited on 1/20/14 at 1:57 pm
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68216 posts
Posted on 1/20/14 at 1:57 pm to
are there nazi gangs in Russia?

ETA:
never-mind, that's Greece in the pic and they have Golden Dawn, which is close.
This post was edited on 1/20/14 at 2:00 pm
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69366 posts
Posted on 1/20/14 at 1:57 pm to
it's going to be a disaster
Posted by SammyTiger
Baton Rouge, LA
Member since Feb 2009
66847 posts
Posted on 1/20/14 at 1:59 pm to
To be fair, the russian economy isn't exactly the greek economy.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 1/20/14 at 1:59 pm to
What's the over/under on Chechen terror attacks?
Posted by Y.A. Tittle
Member since Sep 2003
101665 posts
Posted on 1/20/14 at 2:24 pm to
Has the whole concept of the Olympics jumped the proverbial shark?

I say, it has.
Posted by DCRebel
An office somewhere
Member since Aug 2009
17644 posts
Posted on 1/20/14 at 2:57 pm to
There's an economist somewhere (I know, not very descriptive) who has done some research on the public spending for the olympics, and he concludes that countries/cities don't make their money back on these huge projects.

He did point out some good developments that have come from Olympic games (downtown Atlanta, Athens' renovated subway system, etc.) but, largely, a shitload of money is poured into building these stadiums and shite that are never used. He used London and Beijing as his primary examples.
Posted by Dizz
Member since May 2008
14776 posts
Posted on 1/20/14 at 8:48 pm to
I am not shocked by the number. 4 years ago there was almost nothing in Sochi, it was a small resort town. Almost all of the infrastructure had to be built from scratch, including some of the ground the venues are on.

Putin liked to vacation there so that is where the games would be.
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