6 Olympic budget blowouts

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


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
Join the Conversation
Money and Sports
Russia's anti-gay law could hit Olympic sponsors

The threat of protests at next year's Winter Olympics in Russia against a controversial anti-gay law has left sponsors jittery about potential damage to their business.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.