Why Sochi Is By Far The Most Expensive Olympics Ever

The Winter Olympic Games that begin next month in Sochi, Russia, are very expensive. At a projected cost of around $50 billion, it's not just, by any measure, insanely expensive, it's also the most expensive Olympic Games ever. Let's put that in perspective. Last year, using available data compiled by the Times of London*, we charted what appeared to be the most expensive Olympic games of all time: (*That concept — available data — is important here. The finances of Olympic hosts are notorio...