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Sports-related costs for the Summer Games since 1960 is on average $5.2 billion (USD) and for the Winter Games $393.1 million dollars. The highest recorded total cost was the 2014 Sochi Winter Olympics, costing approximately US$55 billion. The 2016 Rio de Janeiro Summer Games experienced the biggest loss recorded at approximately $2 billion (USD).
The cost overruns constituted 33% of the total expense. The budget for the bridge increased to 150%. The cost overruns exceeded the original budget by 50%. The final example is the most commonly used as it specifically describes the cost overruns exclusively whereas the other two describe the overrun as an aspect of the total expense.
In 1959–1961 Great Britain Atomic Energy Authority produced 125 g of 99.9% pure protactinium at a cost of $ 500 000, giving the cost of 4 000 000 USD per kg. Periodic Table of Elements at Los Alamos National Laboratory website at one point listed protactinium-231 as available from Oak Ridge National Laboratory at a price of 280 000 USD/kg.
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There was no such tragedy at the 1976 Montreal Games, but bad planning and fraud led to the cost of these Games far exceeding the budget. Costing $1.5 billion (equivalent to $7.58 billion in 2023), [36] [37] the 1976 Summer Games were the most expensive in Olympic history (until the 2014 Winter Olympics ) and it seemed, for a time, that the ...
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