Throughout 2020 will bring us many spectacular sporting events, including the 32nd running of the Olympic Games. This year’s summer events will take place in Tokyo, a city rightfully cemented among the world’s best and most equipped to handle the influx of tourists and athletes that often bring financial ruin where glory and prosperity is expected to accompany the bright lights and cameras.
The risky financials of the Olympic Games are well documented; debt can persist for years (three decades, in Montreal’s case) and persistent cost overruns can even push chosen cities to reject their host honors as Denver did in 1972.