Olympic games original budget

Notable examples include Montreal in where the games were percent overbudget and Barcelona in which experienced a cost overrun to the tune of percent. Snowballing costs are also a feature of the Winter Oympics where there have been several financial catastrophes such as Sochi.

Sadly, the enduring legacy of hosting the Olympics is now nothing more than a slew of abandoned and overgrown venues in multiple former host cities. That remains the case to this day in past venues such as Sarajevo, Athens, Beijing and Rio, to name just a few, where crumbling stadia and forgotten Olympic villages serve not as proud monuments to athletic achievement, but rather as somber symbols of catastrophic financial mismanagement.

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Subscribe for the best of our politics, international affairs, culture and business coverage, straight to your inbox Sign up here. And these figures only include sports-related costs. Moreover, no Games since has come in under budget.

This chart indicates the apparent rise in the cost of hosting the Games between and Although the chart only includes sports-related costs, and not those associated with urban and transport infrastructure, the most expensive Games stand out. However, recent Games in London and Sochi have reversed this trend.

Since the mids the Olympic Games Knowledge Management Program has worked to help new host cities learn from previous ones. Want to use our visualization online, including on open publications like blogs, news sites, etc.? Contact us. Indoor Outdoor Professional Services. We would like to hear your feedback.

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