«Top 10 most expensive Olympic Games: how cities spend billions on a sporting event»

The Olympic Games not only bring together elite athletes for competition on the world stage, but also provide host countries with the opportunity to showcase their countries to the world. Successful use of the Olympics as a promotional event can lead to a tourism boom with financial rewards long after the closing ceremonies.

However, hosting the Olympic Games is a financially risky venture that begins ten years before the event itself. Cities must first convince their countries, and then the International Olympic Committee, that they are the ideal location: safe, with a convenient transportation system and equipped with efficient and complex infrastructure. This process is not cheap. For example, Chicago spent an estimated $ 100 million on its bid to host the 2016 Summer Games — and lost.

The next Summer Games will be held in Los Angeles in 2028.

With increasing costs of hosting, here are the top 10 most expensive Olympic Games:

$ 5 billion

The 2000 Sydney Olympics took place in the last decade of the 20th century, when the world was grappling with globalization. As the host of the prestigious games, the city was able to present itself as a place capable of keeping up with rapid changes, but the results were mixed.

$ 6.1 billion

$ 6.3 billion

$ 6.8 billion

$ 9.4 billion

$ 9.7 billion

$ 13.7 billion

$ 15 billion

$ 20 billion

$ 21.9 billion