The Olympic Games as currently conducted are not economically viable for most cities. The most important reasons include infrastructure costs relating to the venues hosting the events; the monopoly rents that flow to the International Olympic Committee; poor management; corruption; and the specter of unreasonable and unrealizable economic expectations for the host city and nation. Concerns about costs are nothing new. Even Salt Lake City’s $1.9 billion in expenditures in 2002 ($2.5 billion in 2015 dollars), which seem almost quaint by today’s standards, raised concerns among…
