6 Olympic budget blowouts

Organizers may promise an economic boom, but the Games often leave big debts.

Sochi
sochi

The 2014 Sochi Olympics are on track to be the costliest ever -- with the Russian government shelling out an estimated $50 billion on the Winter Games and related infrastructure. The plan was to spend $12 billion.

Politicians have long justified the enormous piles of money required to put on the Olympic Games by arguing that ticket sales, construction jobs and increased tourism outweigh the costs.

Related: Most expensive Olympics ever

But most independent economists say the Olympics price tag is more complicated than that -- and certainly not as rosy as politicians portray.

Here are a few cities that won the Games but paid a financial price.


  @CRrileyCNN - Last updated January 20 2014 08:30 AM ET
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