2006 Winter Olympics - Cost and Cost Overrun

Cost and Cost Overrun

The cost of the Torino Winter Olympics was USD4.1 billion (in 2009 dollars). The cost overrun was 82 percent in real terms. This compares with an average cost of USD1.7 billion (in 2009 dollars) for other Winter Olympics over the past 50 years for which data are available and an average cost overrun for these Games of 135 per cent. Cost here includes only sports-related costs and thus does not include other public costs, such as road, rail, or airport infrastructure, or private costs, such as hotel upgrades or other business investments incurred in preparation of the Games, which are typically substantial but which vary drastically from city to city and are difficult to compare consistently.

Read more about this topic:  2006 Winter Olympics

Famous quotes containing the words cost and/or overrun:

    The one regret I have about my own abortions is that they cost money that might otherwise have been spent on something more pleasurable, like taking the kids to movies and theme parks.
    Barbara Ehrenreich (b. 1941)

    The lowest form of popular culture—lack of information, misinformation, disinformation, and a contempt for the truth or the reality of most people’s lives—has overrun real journalism. Today, ordinary Americans are being stuffed with garbage.
    Carl Bernstein (b. 1944)