After Sochi 2014: costs and impacts of Russia’s Olympic Games

摘要: This paper assesses the outcomes of 2014 Winter Olympic Games in Sochi, Russia, examining costs and economic impacts event, prospects for long-term use venues infrastructure, attitudes global Russian population. Total were $55 billion, having increased 4.5 times from $12 billion at time bid. Of this total, about $16 sports-related costs. After accounting inflation, makes Sochi second-most expensive Olympics ever terms most cost per event. With a public share 96.5 percent funding, had highest proportion money any on record. The benefit high cost, however, is limited. Extensive construction led to hotel overcapacities, investors defaulted state-backed loans, there no coherent plan after some largest infrastructure projects. As consequence, t...