What Is The Cost Of Hosting The Olympics

Joining the Olympics is not just about competing and winning at every sport but also being its host gives a lot of pride and glory to the host country at a substantial cost. The Olympic games are supposed to bring people together from all over the world. Thus, being the chosen host country has been a prestigious honor for these countries. It is believed by these countries that when they are chosen, it is a time for them to rebrand themselves to the world without having to see the financial and social burdens that comes with it. (Cloherty par. 2) In 2008, China spent an estimated $42 billion on the Beijing Olympics; the millions that China had spent on the Olympics where mainly for the infrastructures and improvement of their facilities. Although, it boomed their tourism the time that they were hosting the Olympics there were still a portion for their country, which lives under the …show more content…
When the true purpose of the Olympics is a gathering of talent, competition, and opportunity for unity has evolved into an excessive waste of resources. (Cloherty par.6) The world has truly lost essence of the Olympics, the sense of pride one feels when one’s countryman gets to stand on the top of the podium reminds everyone of how far they have come as a nation — but it should not come at such a great cost. There are ways to maintain the same atmosphere of friendly international competition with moderation. If the Olympics are to survive and continue to unite nations, the expectations surrounding the host cities must be significantly reduced. Above all, attention should be focused on the athletic competition rather than on a host nation’s own elaborate decoration. Hosting the Olympic games today is wildly expensive. Since the 1960 games in Rome, every single edition of the Olympics has been more expensive than originally projected. ("Hosting The Olympics Is A Terrible Investment"