Economics of the Olympics: Centre Professor Bruce K. Johnson weighs in
The 2014 Winter Olympic Games in Sochi, Russia are record-setting in an astounding number of ways, from the seaside town’s traditionally warm February temps to the fact that the Olympic torch visited space for the first time. But it’s when you start talking money that things truly get interesting.
According to a recent article on WalletHub.com, the record $51 billion that Russia has invested in the Games is more than the previous 21 Winter Olympics combined. Read the full report, including insights from Centre’s James Graham Brown Professor of Economics Bruce K. Johnson and sports management professors from universities across the country.