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Economy

“…Switzerland Seeks Low-Budget Olympics After Years of Opposition”

“…Winter Games are usually held by a certain region or city, and they can be pricey. The 2018 edition held in Pyeongchang, South Korea, cost about $13 billion. Even back in 2002, Salt Lake City still spent $2.2 billion on the Games.

But Switzerland’s sports federations voted unanimously on Friday to approve the local bid, clearing the way for a $1.6 billion proposal for the 2030 Games. Accounting for inflation, that would make it arguably the cheapest Olympics in history — and the most cost-effective since Los Angeles eked out a profit in 1984…”

https://news.yahoo.com/wealthy-switzerland-seeks-low-budget-070000254.html

Everybody is cutting cost. Even the Olympics isn’t spared.

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