Now that the Rio Olympics are over, inevitable questions about the city’s post-Games legacy have surfaced.
Rio de Janeiro, like every host city, hopes to continue reaping Olympics-related benefits long past the closing ceremony, such as increased tourism and a bolstered world reputation. But things don’t always go as planned.
In fact, cities rarely make a profit from hosting the Games, and often end up deep in the red. Rio initially planned on the Games costing about $3 billion, but the actual cost will be at least $4.6 billion, according to a study by the University of Oxford.