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Hosting the Olympics is a financially dangerous proposition that starts a decade before the events are really held. Cities should initially encourage their own nations and then the International Olympic Committee that they are the ideal place: safe, with practical transportation, and geared up with efficient and intricate facilities. Chicago invested an approximated $100 million in its bid to host the 2016 Summer Games– and lost.
BARCELONA, SPAIN: The Olympic rings are set on the pitch throughout the opening event of the XXVth Summer Olympics 25 July 1992 at Montjuic Stadium. (Photo credit must read MICHEL GANGNE/AFP through Getty Images).
The Olympic Games not just unite elite athletes to contend on a worldwide stage, but they likewise supply host countries with an opportunity to display their nations to the world. Successfully leveraging the Olympics as an advertising event can result in a tourist boom with financial benefits long after the closing ceremonies.
Hosting the Olympics is an economically risky proposal that begins a years before the occasions are really held. Cities must first persuade their own countries and then the International Olympic Committee that they are the perfect venue: safe, with practical transportation, and geared up with intricate and efficient infrastructure. The procedure isnt low-cost. For example, Chicago invested an estimated $100 million in its quote to host the 2016 Summer Games– and lost.
The next Summer Games will be hosted in Los Angeles in 2028.
With the increasing expenses associated with hosting, here are the leading 10 most costly Olympic Games:
01 Oct 2000: The Sydney Harbour Bridge is lit up with Fireworks after the Closing Ceremony of the Sydney 2000 Olympic Games, Sydney Australia. Obligatory Credit: Adam Pretty/ALLSPORT
10. 2000 Sydney Summer Games
$ 5 billion
The 2000 Sydney Olympics occurred in the last years of the 20th century while the world faced globalization. As host to the prominent Games, the city was able to frame itself as an up-and-coming place able to stay up to date with rapid modification, however the outcomes were mixed.
Opening Ceremony: 1976 Summer Olympics: Double exposure and big picture of Stephane Olympic cauldron with flame throughout Parade of Nations at Olympic Stadium.Montreal, Canada 7/17/1976CREDIT: Heinz Kluetmeier (Photo by Heinz Kluetmeier/ Sports Illustrated through Getty Images)( Set Number: X20682 TK2 R1 )
9. 1976 Montreal Summer Games
$ 6.1 billion
Opening Ceremony of the 1980 Summer Olympic Games. (Photo by Giuliano Bevilacqua/Sygma by means of Getty Images).
8. 1980 Moscow Summer Games.
$ 6.3 billion.
BEIJING, CHINA– FEBRUARY 04: General View as a firework screen is seen above the stadium throughout the Opening Ceremony of the Beijing 2022 Winter Olympics at the Beijing National Stadium on February 04, 2022 in Beijing, China. (Photo by Clive Rose/Getty Images).
7. 2008 Beijing Summer Games.
$ 6.8 billion.
BARCELONA, SPAIN: The Olympic rings are set on the pitch throughout the opening ceremony of the XXVth Summer Olympics 25 July 1992 at Montjuic Stadium. Roughly 12,000 athletes, officials and coaches from 170 countries are participating in the games. (Photo credit need to read MICHEL GANGNE/AFP by means of Getty Images).
6. 1992 Barcelona Summer Games.
$ 9.4 billion.
PARIS, FRANCE– JULY 26: The Olympic flag is rasied at the Place du Trocadero in front of the Eiffel Tower throughout the Opening Ceremony of the Olympic Games Paris 2024 on July 26, 2024 in Paris, France. (Photo by François-Xavier Marit-Pool/Getty Images).
5. 2024 Paris Summer Games.
$ 9.7 billion.
The Olympic Caldron is seen during the closing ceremony of the Rio 2016 Paralympic Games at the Maracana stadium in Rio de Janeiro on September 18, 2016. (Photo by Mauro Ujetto/NurPhoto via Getty Images).
4. 2016 Rio Summer Games.
$ 13.7 billion.
LONDON, ENGLAND– JULY 27: The Olympic Rings are seen increasing throughout the Opening Ceremony of the London 2012 Olympic Games, directed by Danny Boyle, London spent an approximated ₤ 27m, the London opening ceremony was instantly viewed as a significant success, widely applauded as a “work of art” and “a love letter to Britain” at the Olympic Stadium on July 27, 2012 in London, England. (Photo by Ian MacNicol/Getty Images).
3. 2012 London Summer Games.
$ 15 billion.
TOKYO, JAPAN– JULY 23: Fireworks explode throughout the Opening Ceremony of the Tokyo 2020 Olympic Games at Olympic Stadium on July 23, 2021 in Tokyo, Japan. (Photo by Bai Yu/CHINASPORTS/VCG via Getty Images).
2. 2020 Toyko Summer Games.
$ 20 billion.
SOCHI, RUSSIA– FEBRUARY 23: Dancers form the Olympic rings throughout the 2014 Sochi Winter Olympics Closing Ceremony at Fisht Olympic Stadium on February 23, 2014 in Sochi, Russia. (Photo by Matthew Stockman/Getty Images).
1. 2014 Sochi Winter Games.
$ 21.9 billion.
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