
The $27 Billion Gamble: Why Hosting the Olympics Always Loses Money
Key Takeaways 169% average cost overrun — Every Olympic Games since 1960 has exceeded its budget, with Montreal 1976 hitting a catastrophic 720% overrun 21-29% revenue coverage — Direct Olympic revenues cover less than a third of total hosting costs, leaving taxpayers to fund the rest Minimal economic benefits — Promised jobs and tourism often fail to materialize, with Vancouver 2010 delivering just 4,000-7,000 jobs instead of 244,000 predicted Infrastructure white elephants — General infrastructure costs dwarf sports facilities by 2-8x, creating abandoned venues and maintenance burdens Systematic optimism bias — Cities underestimate costs to win bids, then face unlimited liability, creating a death spiral of debt Each insight backed by data from academic studies and government audits. ...








