For all the talk of global honour and prestige that the Olympics bring to a host city, talk largely promoted by the International Olympic Committee itself, the truth is that the Games tend to smother cities in debt and saddle them with venues they can't ever use again.
Best-case scenario? Host cities get a pat on the head and a "way to go, slugger!" as the two-week IOC circus leaves town. Worst-case? Host cities become the eternal butt of jokes ("nastier than a Sochi hotel room" will resonate for a generation) as their nations spend decades dragging themselves out of debt.
"Pay dearly for theRead More »from Does anyone want to host the 2022 Winter Olympics?