Is THAT right?! Wow. Even still though, in today’s world there are many more Millionaires than there were back in 1976. I never even heard of Billionaires until the 1990’s. Now, you even have so-called Rap singers becoming Billionaires. I bring this up to say, there are many sources of high financing available today. Some still think like Venture Capitalists used to, in that they are not afraid to lose a lot of their initial investment, if they still get publicity and product recognition. Think about this Taylor Swift is worth over $150. million, she could group with others to fund this goodwill project. Just as celebrities group to buy sports teams.
Yes. And the costs of land acquisition, design and building have risen exponentially as well. I can not imagine a city of any size wanting the Olympics. They are prestigious but prohibitively expensive to host.