Olympic Boondoggle

Olympic Boondoggle

All eyes are on Sochi, as it gears up to host the 2014 winter Olympic Games. Unfortunately, not everything is going as planned. http://www.sportsmanagementdegreehub.com/ has created an infographic entitled “Olympic Boondoggle” showing just how out of control Sochi’s spending has become.
In 2008, the Beijing Summer Olympics totaled $45.58 billion. Sochi, in comparison, is spending $49.96 billion – for an event that includes four times fewer games. Beijing spent an average of $132 million per sport, whereas Sochi has spent $520 million per event. But why the overspending? Many people are blaming corruption. One study estimated $30 billion in embezzling. In fact, lawsuits were filed against two contractors accused of inflating their prices. One contractor involved with building the stadium, and the other with constructing the bobsledding course. And it’s not just financial corruption – 25 construction workers have died during the preparation for the games, drawing attention to lackluster safety precautions.
One prime example of their shoddy construction was brought to light in the biathlon building, where the construction crew simply neglected to add walls between the toilets.
Feel free to like, comment, and share this infographic entitled “Olympic Boondoggle” from http://www.sportsmanagementdegreehub.com/.

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Posted Feb 12, 2014
 
Views: 268
 
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Tags Beijing Summer Olympics, Sochi, Sochi's spending
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