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The World Cup: Crippling costs and an olympic problem
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Eleven to 14 billion dollars – that’s a rough estimate as to how much the World Cup is costing Brazil, through stadium builds to infrastructure projects. The government’s convinced it’ll at least break even on its investment over time. But history tells us few, if any countries, make money from hosting an event like this.
And let’s not forget, in just two years’ time, Brazil will be hosting the Olympics. Another ten billion dollars have been earmarked for that. Even with that sort of spending, there’s deep concern about whether the country will be ready, and can afford another massive spending splurge.
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