What's the average cost for a city hosting the olympics?

How much would it cost for a city to host the olympics on average?

What's the average cost for a city hosting the olympics?
According to Patrick Ewe, citymayors.com project coordinator, it costs each city between $15 and 20m for the bidding process alone. This is BEFORE even any city has been picked.





Ewe states that the cost of playing host to the 2012 olympics (London) is estimated at more than US$3 billion.





Sydney, in hosting the 2000 Olympics, spent approx $3.4 billion and Athens totalled at more than 9 billion euro.





Basically as the cost of living increases, there too does the cost of having the Olympics.





It would seem that many cities financially loose out on the Olympics, at least in recent times. Sydney 2000 itself though went overbudget did make up for some losses in the early part of 2001 before the combined problems of the 9/11 attacks in the US and the highly contradictory collapse of one of its main airlines. Athens is yet unknown, but I wouldn't be suprised if they made a large loss, however tourism may of counteracted this to some extent.





Many cities that host the winter olympics enjoy a huge jump in worldwide attention and thus tourism trade and therefore would make it somewhat worth it.