Will The Olympics Also Bankrupt LA In 2028?

Will The Olympics Also Bankrupt LA In 2028? The Olympic Games last just over two weeks. The debt can last decades. From Montreal 1976 to Athens 2004, Rio 2016, Tokyo 2020, and now Los Angeles 2028, cities have repeatedly promised that hosting the Olympics would generate growth, tourism, and prosperity. Yet history tells a very different story. In this video, we explore why Olympic budgets almost always explode, how the IOC's business model shifts costs onto taxpayers, why tourism often disappoints, and why many Olympic venues become expensive liabilities long after the closing ceremony. #Olympics #LA28 #Economics #IOC #olympicgames Chapters: 00:00 The Olympics That Took 30 Years To Pay Off 01:24 The Deadline That Cannot Move 03:18 The Olympic Business Model 05:20 Where The Tourism Money Goes 07:28 Why Olympic Cities Keep Losing Money 09:09 Why Governments Keep Saying Yes 10:24 Can Los Angeles Escape The Trap? Other Videos:    • How The World's Biggest Diamond Monopoly F...      • Why 38 Year Olds Today Have Less Money Tha...