<P> Severe cost overruns made the 2014 Winter Olympics the most expensive Olympics in history; with Russian politician Boris Nemtsov citing allegations of corruption among government officials, and Allison Stewart of the Saïd Business School at Oxford citing tight relationships between the government and construction firms . While originally budgeted at US $12 billion, the budget expanded to US $51 billion, surpassing the estimated $44 billion cost of the 2008 Summer Olympics in Beijing, making Sochi the most expensive Olympics in history . </P> <P> The table below is listing the not so hard costs of the Games . Due to the multitude of reporting methods, the table contains both the operating costs and total final costs (which include various infrastructure upgrades and security costs), known and not estimated . Net loss or gain are measured against the operating budgets . Intangible costs (such as to the environment and society) and not so total benefits (through tourism) are not included here . </P> <Table> <Tr> <Th> Host City </Th> <Th> Year </Th> <Th> Final Operating Budget </Th> <Th> Total Costs </Th> <Th> Taxpayer Contribution </Th> <Th> Profit / Loss </Th> <Th> Year Debt Paid Off </Th> <Th> Notes </Th> </Tr> <Tr> <Td> Athens Summer Olympics </Td> <Td> 1896 </Td> <Td> </Td> <Td> 3,740,000 ₯ </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> Donations by George Averoff of 1,000,000 ₯ covered potential losses </Td> </Tr> <Tr> <Td> London Summer Olympics </Td> <Td> 1908 </Td> <Td> </Td> <Td> US $394,000 est . </Td> <Td> </Td> <Td> £ 6,377 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Paris Summer Olympics </Td> <Td> 1924 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> 5,496,610 ₣ </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Amsterdam Summer Olympics </Td> <Td> 1928 </Td> <Td> </Td> <Td> $1,183,000 </Td> <Td> </Td> <Td> $18,000 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Los Angeles Summer Olympics </Td> <Td> 1932 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> $1,000,000 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Berlin Summer Olympics </Td> <Td> 1936 </Td> <Td> </Td> <Td> $30,000,000 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> London Summer Olympics </Td> <Td> 1948 </Td> <Td> £ 761,688 </Td> <Td> </Td> <Td> </Td> <Td> £ 29,000 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Helsinki Summer Olympics </Td> <Td> 1952 </Td> <Td> </Td> <Td> 1,580,000,000 mk </Td> <Td> </Td> <Td> 49,000,000 mk </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Melbourne Summer Olympics </Td> <Td> 1956 </Td> <Td> A £ 5,400,000 </Td> <Td> </Td> <Td> </Td> <Td> A £ 300,000 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Tokyo Summer Olympics </Td> <Td> 1964 </Td> <Td> US $72,000,000 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Mexico City Summer Olympics </Td> <Td> 1968 </Td> <Td> US $176,000,000 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Munich Summer Olympics </Td> <Td> 1972 </Td> <Td> 1,972,000,000 DM </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Montreal Summer Olympics </Td> <Td> 1976 </Td> <Td> CDN $207,000,000 </Td> <Td> CDN $1,410,000,000 </Td> <Td> </Td> <Td> CDN $990,000,000 </Td> <Td> 2006 </Td> <Td> A special tobacco tax was introduced in May 1976 to fund the loss </Td> </Tr> <Tr> <Td> Lake Placid Winter Olympics </Td> <Td> 1980 </Td> <Td> US $49,000,000 </Td> <Td> US $169,000,000 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Moscow Summer Olympics </Td> <Td> 1980 </Td> <Td> US $231,000,000 </Td> <Td> US $1,350,000,000 </Td> <Td> </Td> <Td> USD $1,190,000,000 deficit </Td> <Td> </Td> <Td> This was the year that The United States and 64 other Nations boycotted due to the invasion of Afghanistan . </Td> </Tr> <Tr> <Td> Sarajevo Winter Olympics </Td> <Td> 1984 </Td> <Td> US $55,400,000 </Td> <Td> US $110,900,000 </Td> <Td> </Td> <Td> US $10,000,000 </Td> <Td> </Td> <Td> The first Olympics since 1948 to make a profit </Td> </Tr> <Tr> <Td> Los Angeles Summer Olympics </Td> <Td> 1984 </Td> <Td> US $320,000,000 </Td> <Td> US $413,000,000 </Td> <Td> $75,000,000 </Td> <Td> US $250,000,000 </Td> <Td> 1984 </Td> <Td> The first Summer Olympics since 1932 to make a profit </Td> </Tr> <Tr> <Td> Calgary Winter Olympics </Td> <Td> 1988 </Td> <Td> CDN $438,000,000 </Td> <Td> CDN $899,000,000 </Td> <Td> CDN $425,000,000 </Td> <Td> CDN $32,000,000 </Td> <Td> 1988 </Td> <Td> </Td> </Tr> <Tr> <Td> Seoul Summer Olympics </Td> <Td> 1988 </Td> <Td> USD $4,000,000,000 </Td> <Td> </Td> <Td> </Td> <Td> US $300,000,000 </Td> <Td> 1988 </Td> <Td> A record profit for a government - run Olympiad </Td> </Tr> <Tr> <Td> Barcelona Summer Olympics </Td> <Td> 1992 </Td> <Td> US $850,000,000 </Td> <Td> US $9,300,000,000 </Td> <Td> </Td> <Td> US $10,000,000 </Td> <Td> 1992 </Td> <Td> Operating costs were put at 9.1% of the total cost . The vast majority of spending was to improve infrastructure . </Td> </Tr> <Tr> <Td> Albertville Winter Olympics </Td> <Td> 1992 </Td> <Td> </Td> <Td> </Td> <Td> USD $1,200,000,000 on infrastructure </Td> <Td> USD $67,000,000 </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Lillehammer Winter Olympics </Td> <Td> </Td> <Td> US $1,100,000,000 </Td> <Td> </Td> <Td> US $250,000,000 </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Atlanta Summer Olympics </Td> <Td> </Td> <Td> US $1,800,000,000 </Td> <Td> </Td> <Td> US $609,000,000 </Td> <Td> US $19,000,000 </Td> <Td> </Td> <Td> Despite the profit, Atlanta's heavy reliance on corporate sponsorship drew criticism of commercialization </Td> </Tr> <Tr> <Td> Nagano Winter Olympics </Td> <Td> 1998 </Td> <Td> </Td> <Td> </Td> <Td> ~ US $10,000,000,000 in new infrastructure </Td> <Td> Net loss </Td> <Td> Estimated 2015 </Td> <Td> The full cost of the Nagano Olympics is unknown, due to Nagano Olympic Bid Committee vice-secretary general Sumikazu Yamaguchi ordering accounting documents burned </Td> </Tr> <Tr> <Td> Sydney Summer Olympics </Td> <Td> 2000 </Td> <Td> A $6,600,000,000 </Td> <Td> A $3,000,000,000 (A $363, 5000, 000 borne by the public) </Td> <Td> A $2,050,000,000 </Td> <Td> USD $2,100,000,000 loss </Td> <Td> 2000 </Td> <Td> </Td> </Tr> <Tr> <Td> Salt Lake City Winter Olympics </Td> <Td> 2002 </Td> <Td> US $2,000,000,000 </Td> <Td> US $1,200,000,000 </Td> <Td> US $600,000,000 </Td> <Td> US $101,000,000 </Td> <Td> 2002 </Td> <Td> Additional security costs were incurred in the wake of the September 11 attacks </Td> </Tr> <Tr> <Td> Athens Summer Olympics </Td> <Td> </Td> <Td> US $15,000,000,000 </Td> <Td> US $9,000,000,000 </Td> <Td> US $6,200,000,000 </Td> <Td> US $14,500,000,000 </Td> <Td> </Td> <Td> The cost of the 2004 Athens Summer Games has been cited as a contributor to the Greek government - debt crisis . Many of the venues lie vacant and rotting; the Independent newspaper reports as many as 21 out of 22 are unused . </Td> </Tr> <Tr> <Td> Turin Winter Olympics </Td> <Td> 2006 </Td> <Td> US $700,000,000 </Td> <Td> </Td> <Td> </Td> <Td> USD $3,200,000 </Td> <Td> </Td> <Td> The Italian government created a lottery game to cover its financial losses . </Td> </Tr> <Tr> <Td> Beijing Summer Olympics </Td> <Td> 2008 </Td> <Td> US $44,000,000,000 </Td> <Td> </Td> <Td> </Td> <Td> CNY 1,000,000,000 (US $146,000,000) </Td> <Td> 2008 </Td> <Td> </Td> </Tr> <Tr> <Td> Vancouver Winter Olympics </Td> <Td> </Td> <Td> CDN $1,700,000,000 (US $1,260,000,000) </Td> <Td> US $6,400,000,000 </Td> <Td> US $2,300,000,000 </Td> <Td> CDN $1,900,000 </Td> <Td> </Td> <Td> Included in the total US $6,400,000,000 cost are the $1,000,000,000 for security, $2,500,000,000 for transportation extensions and upgrades, and $900,000,000 for the new Vancouver Convention Centre (An additional $554,000,000 was spent by the city including a portion on the Olympic Village). </Td> </Tr> <Tr> <Td> London Summer Olympics </Td> <Td> 2012 </Td> <Td> US $10,400,000,000 </Td> <Td> US $14,600,000,000 </Td> <Td> US $4,400,000,000 </Td> <Td> GBP £ nil </Td> <Td> 2012 </Td> <Td> Additional costs include $90 million for converting the Olympic Stadium (London) to a football venue </Td> </Tr> <Tr> <Td> Sochi Winter Olympics </Td> <Td> 2014 </Td> <Td> US $51,000,000,000 </Td> <Td> </Td> <Td> </Td> <Td> US $53,150,000 </Td> <Td> </Td> <Td> The most expensive Olympic Games in history, surpassing the previous record set by the 2008 Beijing Summer Olympic Games . </Td> </Tr> <Tr> <Td> Rio de Janeiro Summer Olympics </Td> <Td> 2016 </Td> <Td> US $4,600,000,000 </Td> <Td> </Td> <Td> US $11.6 billion </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Pyeongchang Winter Olympics </Td> <Td> 2018 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Tokyo Summer Olympics </Td> <Td> 2020 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Beijing Winter Olympics </Td> <Td> 2022 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Paris Summer Olympics </Td> <Td> 2024 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> TBA 2026 Winter Olympics </Td> <Td> 2026 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> <Tr> <Td> Los Angeles Summer Olympics </Td> <Td> 2028 </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> <Td> </Td> </Tr> </Table> <Tr> <Th> Host City </Th> <Th> Year </Th> <Th> Final Operating Budget </Th> <Th> Total Costs </Th> <Th> Taxpayer Contribution </Th> <Th> Profit / Loss </Th> <Th> Year Debt Paid Off </Th> <Th> Notes </Th> </Tr>

How much did it cost rio to host the olympics