Taking Cues from Brazil, the Next Olympic Host Cities Try to Rein in Costs
The Olympics capture the world's imagination. But the race begins long before athletes arrive. Cities compete to host the Summer and Winter Games, hoping to take a lead role on the global stage. But winning an Olympic bid can be a mixed bag. From a financial perspective, hosting the games is risky. Every Olympic Games project portfolio since 1960 has gone over budget, and the average cost overrun is 156 percent, according to a 2016 University of Oxford study that looked only at sports-related costs, excluding general infrastructure projects.