8 years ago
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'The Olympics are dead': Does anyone want to be a host city anymore?
Les Carpenter: With Boston’s bid collapsing due to lack of support, it seems now more than ever the Olympics exist solely for cities looking to make a political statement
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Well, Beijing made money in 2008, London made money in 2012, Atlanta and Barcelona made money in the 90's. Other like Greece bled cash. Sochi last year was the most expensive in history, and I'm pretty sure they burnt through piles of cash, as I think Rio will next year.
Why are the Olympics dead, though? 2012 was pretty awesome and so was 2008. The decision to be a host city is a political tightrope, with each city and country having its own reasons.