The Olympics are a grand spectacle but come with hefty costs. The Paris Games are projected to cost $9.7 billion, with local and national governments covering about half. While local hotels and construction companies benefit, the long-term investment often falls short. Hosts gain infrastructure, PR boosts, and tourism revenue, but examples like Montreal’s "Big Owe" from 1976, Greece’s $11 billion debt from 2004, and the massive spending and corruption in Beijing 2008 ($40 billion) and Sochi 2014 ($50 billion) show the downsides. Notably, Los Angeles 1984 profited by using existing facilities, and Barcelona's 1992 beautification boosted long-term tourism.
https://linktr.ee/RobBlack.
#short #shorts #shortvideo #shortsvideo #trending #stocks #stockmarket #stock #market #finance #investing #investment #latest #fed #interestrates
