Nobody wants to host the Olympic Games
CNN Money 7
Cities used to covet the Olympic Games. Hosting them meant glamour and prestige. Not anymore. Rome became the latest city to abandon a bid for the 2024 Summer Games when it withdrew on Tuesday because of worries over the cost. Budget concerns have led city after city to drop their Olympic dreams in recent years. Hamburg, Germany, previously bailed on 2024. Stockholm and Krakow, Poland, pulled the plug on bids for the 2022 Winter Olympics, which were later awarded to Beijing. An Olympic host city has to plan, pay for and construct massive infrastructure projects. Security costs can run into the billions of dollars. Thousands of hotel rooms must be built to house athletes and tourists. Most of ...
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