The fad of South America’s initial Olympic and Paralympic Games was pulsing by a bustling arenas in Rio de Janeiro final August.
But roughly 6 months after a shutting rite of a summer 2016 Olypmpics, many venues are deserted and desolate.
Rio’s Olympic organizers are uncertain how they will repay a $40 million they owe to creditors for environment adult a Olympic facilities, according to The Associated Press.
The Maracana stadium, one of a iconic venues for Rio, has depressed into disrepair due to desolation and lacking supports for maintain and electricity, a AP reported, and a second-largest cluster of Olympic venues, Deodoro, is sealed until they are taken over by a new government company. The unconditional Olympic golf march has also been neglected.
“The Olympic Games as now conducted are not economically viable for many cities,” a 2016 investigate on a economics of a Olympic games by a American Economic Association said. “The many critical reasons embody infrastructure costs relating to a venues hosting a events; a corner rents that upsurge to a International Olympic Committee; bad management; corruption; and a ghost of irrational and impracticable mercantile expectations for a horde city and nation.”
As a Rio games were commencement final summer, Andrew Zimbalist, a Smith College highbrow of economics told ABC News that a games were projected to cost Brazil $20 billion and lapse usually $4 billion to $4.5 billion.
ABC News’ Michael Edison Hayden contributed to this report.