Why does anyone want the Olympics in their home city? The last time the Games were profitable was in Los Angeles in 1984 — that is more than 30 years ago. But for whatever reason, government officials, businessmen and bankers are in a bidding war for the 2024 Summer Games that could rival anything seen on Wall Street. Some are competing on costs, but potential losses are a major concern — is it all a poisoned chalice?
There are plenty of unconventional solutions being floated. Whether it is permanently keeping the Olympics in its birthplace, Greece, or holding the Games at different places simultaneously, some people are thinking outside the box.