Olympic ghost town: Bills due, venues empty after Rio Games
Rio de Janeiro pulled off last year's Olympics, keeping crime at bay and fending off dire forecasts of corruption, environmental degradation, and cost overruns. Six months after South America's first games, the floodgates have burst. Rio organizers still owe creditors about $40 million. Four of the new arenas in the main Olympic Park have failed to find private-sector management, and ownership has passed to the federal government.