Those games were NOT PROFITABLE.
The IOC, etc, SAYS they were by:
Completely discounting Policing/Security
Not including any venue construction costs
And a whole bunch more sleeze (not) accounting (multi Billion$, for a winter, seen 10x higher for some summer bills)
Their idiotic "profitable" rhetoric is spuriously true, if you do some bullshit accounting, whereby the ticket revenues exceed the labour bill, on-site (and never mind they conned legions of "workers" into scabbing for "room+board volunteers" which was actually a cot and hotdogs in moldy leaking freight containers)
Multi billion $ hole, that we the people pay debt servicing on eternally, and our city became a haven for international money laundering after, one of the most unaffordable places in the world now...
Living in one of the recent cities listed
Those games were NOT PROFITABLE. The IOC, etc, SAYS they were by:
Completely discounting Policing/Security Not including any venue construction costs And a whole bunch more sleeze (not) accounting (multi Billion$, for a winter, seen 10x higher for some summer bills)
Their idiotic "profitable" rhetoric is spuriously true, if you do some bullshit accounting, whereby the ticket revenues exceed the labour bill, on-site (and never mind they conned legions of "workers" into scabbing for "room+board volunteers" which was actually a cot and hotdogs in moldy leaking freight containers)
Multi billion $ hole, that we the people pay debt servicing on eternally, and our city became a haven for international money laundering after, one of the most unaffordable places in the world now...