Quote:
Originally Posted by rvd123
If you can't turn a profit, the easy answer is no.
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Incorrect. An Olympic Games is not purely an operational event. It also leaves behind infrastructure. You have to expect to spend more money than you receive. The crux of the whole issue is if that "price" is worth the infrastructure and influx of tourism dollars to the economy. In other words, is it a good investment.
I will once again parrot GGG's excellent point.
The key to successful Olympics is getting infrastructure you want/need for a good price. The worst case scenario is getting infrastructure you don't want/need for a bad price (e.g. a massive soccer stadium in the middle of nowhere in Brazil). The less bad but still bad scenario is getting infrastructure you want/need at a bad price.