I mean, they actually hold an Olympics. It's not clear to me that anything meaningful will happen out in Mt Pleasant Wi. Not even anything worth the 1 billion we've already spent, and that's forgetting about what we're on the hook for if something does happen. It's put a lot of us in wisconsin in the awkward position of hoping everything there completely fails, so we can get out with just the losses we've already taken.
A year after the $51 billion Winter Olympics, many of the key facilities built for Vladimir Putin's extravaganza have been barely been used.
While the pistes up the mountains are now often packed with skiers - the collapsing rouble means Russians have switched from the likes of Courchevel to the Caucasus - many of the key sites of the games appear to have little prospect of being filled again.
He complained that the Bolshoy Ice Dome - costing the Russian taxpayer £197 million - requires a budget of £9,900 a day to maintain, 'mainly for taking care of the ice'.
A company which owns some of the key facilities - hardly used since the games - and is close to the regional authorities, is on the very edge of bankruptcy, he reported, citing Russia's leading business newspaper Kommersant.
https://www.dailymail.co.uk/news/article-2941216/Extraordina...
Sochi went from being a dump to being a somewhat popular vacation destination for middle class people.
There's room for argument on whether federal funds should have been used to make Sochi richer and nicer, but the article as written is basically fake news.
I remember Brazil built huge stadiums for the World Cup and Olympics banking on their local teams moving into them, which wound up not happening because the teams didn’t like the lease terms. A $900M stadium became a bus garage[1]
0: https://www.theguardian.com/sport/gallery/2014/aug/13/abando...
1: https://www.popularmechanics.com/adventure/sports/a15531/bra...