Russia may have overspent for the Olympics
The medals are taken away, the athletes are headed home, and in a spectacular closing ceremony yesterday, the 2014 Sochi Winter Olympics came to a close.
The Russian government is congratulating itself on gaining the international spotlight with a prestigious event that cost more than any previous Winter Olympics: a stunning $51 billion. But residents of Sochi are wondering what will happen to all the hotels and facilities that have been built. And future Olympic host cities are worried they may have to spend equally audacious amounts of money to live up to this year’s event.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
