The Fallacy of the Olympics


The Olympics have a problem. Countries that have bid and won the “honor” of hosting the games are finding it increasingly difficult to manage the after effects — from rampant growth to financial demands — that accompany inviting the world for a late summer visit every four years.

The last host city that substantially profited from hosting the Olympics was Los Angeles, which “earned” $93 million some thirty-plus years ago when it hosted the 1984 games. The southern California event set the template for Barcelona and Atlanta, two cities that re-envisioned their respective downtowns and central hubs thanks to the Olympics, but in the years since, it has been increasingly more difficult for host countries to justify pursuing the games, leaving too many empty and unusable stadiums in the wake.

Take Brazil. A thriving economy and a commitment to athletic excellence led Brazil to target landing the 2016 games, but…

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