The Agony of Fiscal Defeat: Is there a better way to host a mega sporting event?
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The 39-year-old slabs of crumbling, graffiti-riddled concrete are monuments to fiscal folly. The Olympic park in Sarajevo where Karin Enke easily broke the women's 1,500-meter speed skating world record is a ghost town today.
Roughly 10,000 miles away in Brazil, stands the Arena da Amazônia soccer stadium. It took four years and $270 million to build and now sits mostly unused. Developed for the 2014 FIFA World Cup, on a good night, a local football club might draw 1,000 spectators...or 2% of the stadium's capacity.
Source Fool.com
