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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.
#8. 2016 Rio de Janeiro Summer Games. Cost (in 2021 dollars): $13 billion. When Rio de Janeiro was awarded the 2016 Olympic Games in 2009, it was an opportunity to show the world Brazil's growth ...
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.
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 most expensive Summer Games were Beijing 2008 at US$40–44 billion, [69] and the most expensive Winter Games were Sochi 2014 at US$51 billion. [ 70 ] [ 71 ] As of 2016, costs per athlete were, on average, US$599,000 for the Summer Games and $1.3 million for the Winter Games; for London 2012, the cost per athlete was $1.4 million, and the ...
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.
It's an honor to host the Olympics. But make no mistake — the event is an expensive, full-scale production.
This marks the most recent time that two consecutive Olympic Games were hosted in North America (with the 1984 Summer Olympic Games hosted in Los Angeles, California, United States). [2] It was the first Winter Olympic Games to be held for 15 days, like the counterpart Summer Olympic Games. [3] The majority of the events took place in Calgary ...