Fool's Gold: British Taxpayer Is Olympics' Biggest Loser | Patrick Basham | Cato Institute: Commentary

Fool's Gold: British Taxpayer Is Olympics' Biggest Loser | Patrick Basham | Cato Institute: Commentary: "For the 2012 Games, London originally estimated total costs at $4.7 billion."

"an analysis by the Sky Sports TV network, which included the costs of upgrading public transportation, now puts the cost of the Olympics at a staggering $38.5 billion!"

"The Chinese government budgeted $14.2 billion but spent $40 billion on the 2008 Beijing Games. The 2004 Athens Olympics costs ten times the original estimate of $1.6 billion. A decade earlier, Spanish taxpayers were left $6.1 billion in the hole at the conclusion of the 1992 Barcelona Games.

And, it was three decades before the $2.7 billion owed from the 1976 Montreal Olympics was paid off."