Hosting the Olympics Was a Terrible Idea Anyway

Published On 07/27/2015 Published On 07/27/2015
Winning an Olympic bid is a PR coup for any politician. But it can also be an economic boondoggle. Look no further than the balance sheets of previous Olympic hosts. Athens lost an estimated $15 BILLION, and most of the venues constructed for the XXVIII Olympiad look more like the derelict house in a Scooby Doo episode than world-class sports arenas. Hell, Montreal didn't pay off its Olympic stadium until 2006 -- 30 years after it hosted the Olympics, and two years after the Expos fled Canada. But at least the Alouettes (CFL) and Impact (MLS) play there sometimes?