5 Things They Don't Want You to Know About the Olympics
Read more: 5 Things They Don't Want You to Know About the Olympics | Cracked.com http://www.cracked.com/article_19733_5-things-they-dont-want-you-to-know-about-olympics.html#ixzz22R4nBZtq
"... Greece's initial budget for the 2004 games was 4.5 billion euros, but the
actual cost of the games quickly doubled that estimate. When all was said and done, the cost
of the games was 5 percent of Greece's GDP, and eight years later, the country
hasn't recovered from the debt. The city of Vancouver has given up on recovering
all the money it put into its fancy schmancy Olympic Village
condos that were later converted into residential homes. Today the buildings
form a ghost town, and city officials are struggling to come up with a way to
just break even on them.
The Nagano Winter Olympics in 1998 plunged the city into a recession, with
the tax burden of the games ending up costing around $30,000 per family in the city. And none of these financial
disasters compare to Montreal (Greece pending). Their Olympic stadium wasn't
finished until 11 years after the games ended, and it took no less than
30 years to pay down the debt incurred to host the 1976
Olympics.
Which
completely explains why the people of Bern, Switzerland, voted
down their chance to host the 2010 games...."
Read more: 5 Things They Don't Want You to Know About the Olympics | Cracked.com http://www.cracked.com/article_19733_5-things-they-dont-want-you-to-know-about-olympics.html#ixzz22R4yw7z5
Read more: 5 Things They Don't Want You to Know About the Olympics | Cracked.com http://www.cracked.com/article_19733_5-things-they-dont-want-you-to-know-about-olympics.html#ixzz22R4yw7z5
Read more: 5 Things They Don't Want You to Know About the Olympics | Cracked.com http://www.cracked.com/article_19733_5-things-they-dont-want-you-to-know-about-olympics.html#ixzz22R4EEHoK
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