James McBride, writer for Council on Foreign Relations, argues that the Olympics are a huge strain on the countries economy.
Take for example Rio de Janeiro. “More than a year later, the city still struggles with debt incurred, maintenance costs for abandoned facilities, under equipped public services, and rising crime” says McBride.
Looking at costs of the Olympic Games, we see the prices have skyrocketed over the past 20 years. In 1996 during the Atlanta Summer games, the games cost 3.5 billion; Sochi’s 2014 winter games cost over 51 billion.
Many applicants for future games have withdrawn their applications because of these high costs including Olso, Stockholm, and Boston.
You can read McBride’s full argument at the link below.