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The current highest cost of hosting the Olympic Games was the 2016 Rio de Janeiro Summer Games, costing approximately US$11.1 billion. In order to meet the requirements set out by the International Olympic Committee (IOC), [4] the Rio de Janeiro council had to invest heavily in building the necessary facilities/venues, and an entirely new subway line.
The Olympics is the biggest sporting event in the world. OLBG consulted an analysis from the Council on Foreign Relations to determine which countries have hosted some of the most expensive ...
1956 -- Melbourne, Australia. $126,796,000. Melbourne erected an Olympic Park for the 1956 Summer Olympic Games, but its most iconic arena -- the Melbourne Cricket Ground -- had already existed ...
The 2014 Winter Olympics in Sochi were the most expensive Olympic Games in history, costing in excess of US$50 billion. According to a report by the European Bank for Reconstruction and Development released at the time of the games, the cost would not boost Russia's national economy, but could attract business to Sochi and the southern ...
The 2014 Winter Olympics were the most expensive Games in the history of the Olympics. While originally budgeted at US$ 12 billion, major cost overruns caused this figure to expand to US$51 billion, more than three times the cost of the 2012 London Olympics and even surpassing the estimated cost of US$44 billion for the 2008 Summer Olympics in ...
From Athens 2004 - which some say contributed to Greece's financial crash - to Russia spending a staggering $22 billion on its winter games, the Olympics have racked up some serious bills.
It's an honor to host the Olympics. But make no mistake — the event is an expensive, full-scale production.
The cost for Moscow 1980 compares with costs of US$4.6 billion for Rio 2016 (projected), US$40–44 billion for Beijing 2008 and US$51 billion for Sochi 2014, the most expensive Olympics in history. Average cost for the Summer Games since 1960 is US$5.2 billion.