Olympic Games are definitely a spectacle, but the cost of hosting an event the entire world will watch comes at a huge price.
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There’s one thing that’s hard to deny: since their debut in the modern era in 1896, the Olympic Games have been a big deal.
At least to the country that happens to be hosting an upcoming games – you’ll find an often negative response from former host cities, some of which faced devastating financial losses that sometimes leave them a debt exceeding the billion-dollar mark.
Starting in 1960, Olympic expenses started to increase substantially, fueled by negative press surrounded the games. In 1968, Mexico City saw Olympic protestors killed leading up to the games while Munich had the murder of Israeli athletes in 1972.