Hosting the Olympics and coming away with a profit? Imagine that. Three cities that bucked the trend
Share Now on:
Hosting the Olympics and coming away with a profit? Imagine that. Three cities that bucked the trend
With such high costs, it’s seemingly miraculous that any chosen location manages to turn a profit. Yet, some manage to do so. Here are three cities that managed to come out of their hosting stint on top:
1. Los Angeles – Surplus: $232.5 Million
The west coast city managed to end the games with a $232.5 million surpluss due to smart planning — like revamping old facilities as opposed to building new ones — and budgeting. The design teams also used cheaper materials typically associated with temporary tents. You can read more about how L.A. pulled it off here.
2. Salt Lake City – Surplus: $56 Million
Salt Lake City donated about $30 million of their profits to the Utah Athletic Foundation.
3. Atlanta – Surplus: $10 Million
Aside from finishing in the black, Atlanta also benefitted from converting one of its Olympic stadiums into a facility for baseball.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
