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Cost of running the Olympics (journals.sagepub.com)

submitted 4 weeks ago* (last edited 4 weeks ago) by Blaze@sopuli.xyz to c/dataisbeautiful@mander.xyz

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https://journals.sagepub.com/doi/10.1177/0308518X221098741#:~:text=The%20average%20return%2Don%2Dinves

Los Angeles was able to have a surplus as most of the infrastructure was already built before the Games.

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[–] dejected_warp_core@lemmy.world 2 points 4 weeks ago (1 children)

I feel like this should be adjusted for exchange rates in USD, so we can see the relative impact in local money.

For instance, Rio looks cheap, but the Brazilian Real is changing 1:5 right now. That would put it on par with Atlanta.

And I recall Sochi had a lot of grift/scheming going on but that's just comically awful.

[–] Blaze@sopuli.xyz 5 points 4 weeks ago* (last edited 4 weeks ago)

Surplus/deficit of Olympic Games and World Cups, 1964–2018 (all values in USD2018). Notes: See Figure 2.

Not sure why you would want to convert to local money, the OG are a global event, announcers and TV rights aren't going to pay less because the local cost of living is lower