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Since 1960, the Olympic Games Have Cost an Average of 172% More than expected... with a Few Records!
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Since 1960, the Olympic Games Have Cost an Average of 172% More than expected... with a Few Records!
We have very recently mentioned the Court of Auditors' report on the Paris Olympics in 2024. IREF has also published a note which recalls that the organizing cities of the Olympics since 1960 have devoted them very variable budgets, between 5 and 50 billion dollars, but that they have almost all underestimated the costs and overestimated the benefits they could expect from them. All have lost money, with the exception of Los Angeles. The budget …
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