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This passage discusses some of the financial challenges that cities face when bidding to host the Olympic Games. It notes that: - Bidding alone can cost cities around $20 million and take 2 years if they make the shortlist, but most spend around a decade working on their bid. - The bidding process ties up valuable real estate until a winner is chosen, costing local economies millions in lost revenue. - Even if successful, host cities are often left with high debts and costs to maintain the infrastructu

Author

Dan Nguyen Le

Language

EN