Most Expensive Olympic Preparation

Wow! Do you know how much a nation must spend to prepare for Olympic? Okay for the Sochi Winter Olympics cost Russia over $50 billion, five times more than original estimates, according to an Olympics preparation commission. The 2014 Sochi Winter Games are turning out to be the most expensive Olympics ever.

Differences between Preparation Cost

Sochi has wildly overrun its original budget, which was set at $12 billion when Russia won its bid in 2007. While it’s not that unusual to overrun an Olympic budget 

There are some factors that Sochi cost too much

Sochi perhaps isn’t the most logical place for a Winter Olympic Games.While it does get cold in winter, there have been some concerns it might not be cold enough, and there have been some drastic measures taken to ensure that there is enough snow on the ground for the events.

Partly because of this, it required a large amount of construction. Case in point, the 31-mile road between Sochi and Polyana, a mountain resort hosting the ski and snowboard events for the games, had to be built because Sochi had no areas suitable for snow-based events. Russia is probably spending a huge amount of money on making sure terrorists’ plans for Sochi fail. Why would a country even want to have an event like the Olympics if it’s going to cost some $50 billion?  “mega events” such as the Olympics, the World Cup, and the World’s Fair, and found they have a variety of effects both in the short term and the long term. Most host countries expect “certain benefits” from hosting a mega event, including improved infrastructure, prestige, and putting themselves on the map globally. A big issue, however, is whether you can actually receive these benefits — and whether they are worth it.

Sochi Infrastructure Cost