this post was submitted on 27 Jul 2024

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Olympics

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Hosting the Olympics has become financially untenable, economists say (edition.cnn.com)

submitted 1 month ago by neme@lemm.ee to c/olympics@sh.itjust.works

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[–] makyo@lemmy.world 11 points 1 month ago (1 children)

I feel like I have heard this every Olympics for decades but people still keep competing to host the games. It could just be that it’s about more than the money.

[–] theneverfox@pawb.social 1 points 1 month ago

Well if you think about it, it's pitched as a prestige thing, but I don't think that really holds up

So... If a city loses money for hosting it, where does that money go? Someone must be building the infrastructure