us$11.6 billion was the cost to the taxpayers in rio to host the olympics.
us$11.6 billion was the cost to the taxpayers in rio to host the olympics.
how much did it cost the taxpayers in rio to host the olympics?
us$11.6 billion
Na
Na
the "oxford olympics study" estimates the outturn cost of the montreal 1976 summer olympics at usd 6.1 billion in 2015-dollars and cost overrun at 720% in real terms. this includes sports-related costs only, that is, (i) "operational costs" incurred by the organizing committee for the purpose of staging the games, e.g., expenditures for technology, transportation, workforce, administration, security, catering, ceremonies, and medical services, and (ii) "direct capital costs" incurred by the host city and country or private investors to build, e.g., the competition venues, the olympic village, international broadcast center, and media and press center, which are required to host the games. indirect capital costs are "not" included, such as for road, rail, or airport infrastructure, or for hotel upgrades or other business investment incurred in preparation for the games but not directly related to staging the games. the cost overrun for montreal 1976 is the highest cost overrun on record for any olympics. the cost and cost overrun for montreal 1976 compares with costs of usd 4.6 billion and a cost overrun of 51% for rio 2016 and usd 15 billion and 76% for london 2012. average cost for the summer games from 1960 to 2016 is 5.2 billion 2015 us dollars, average cost overrun is 176%.
1976 summer olympics