With Brazil holding the Olympic Games this summer, why are they worried? They should make millions from the international visitors.
There were posts on FR earlier this month addressing how the Brazilian Olympic organizing committee was scaling back the size of the audience venues for a large number of events because of budget shortfalls. Continue to see reports of how they continue to have pollution problems in some of the surrounding salt water bay competition sites. And the large effort they are making to essentially contain the favelas from storming venue sites.
I was pulling for Brazil to do a great job for this Olympics. It is not sounding encouraging with 7+ months to go.
The only Olympics to ever make money was Atlanta, and the organizers said “never again” to that model.
As of a few years ago, Montreal was still paying off debt from their summer Olympics from 1976.