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We're just about halfway the games, but we already have some estimates of how much Pyeongchang 2018 has costed. $12.9 billion dollars. Still a farcry to the infamous $50 billion of Sochi, and it's almost on pair with the $13.1 billion of Rio 2016. Still though, it is a shame the costs increased because of transport (that train from Seoul to Gangneung along added a lot of money to the budget) https://www.cbssports.com/olympics/news/2018-winter-olympics-pyeongchang-games-reportedly-cost-4b-more-than-expected/ Time will tell, but the early indications are that the big bucks may be paying off. Just this week, Shaun White's gold-medal run at one of Pyeongchang's venues became the second most-watched event in NBC's Winter Games history.
Today i could read a news which explains the real geo-political situation in the 2020 election. It is in Spanish but i have tried to traslate the main ideas. http://www.marca.com/2013/03/23/mas_deportes/otros_deportes/1364046265.html?a=PR8b1eddc2f85e71a9d2cf291cb7dd93d22&t=1364047845 1. Madrid 2020 is better than the last two bids before: compact and using emblematics venues. 2. Spanish Government runs with the account if there is deficit. And it has signed the guarantees of which it will be he who supports. 3. Clear answers to the evaluation comission. There werent any question without an answer. 4. The COI belongs partial to a new model. Pekín (40.000 million Euros), London (19.000), Rio (14.000), Sochi (50.000), Vancouver (9.200)... The Games walk towards an intolerable escalation of expenses, which reduces his universality because only a few countries can choose them. The trend wants to be invested. The budget of Madrid 2020 would be of 4.100. 5. Spain has 3 members IOC. The are doing a strong lobbie in the heart of the IOC. 6. Tokyo and the fear of the earthquakes. 7. Asia has hosted 4 Olympics events in 10 years: Beijing 2008, Singapur 2010, Nanjing 2014 and Pyongyang 2018. To much events in a few years. 8. Spanish successful of the athlets: Nadal, football, basketball national team, handball national team, Pau Gasol, Mireia Belmonte, Fernando Alonso... 9. The cases of abuse in Judo from Japan. 10. People from the sport are responsable of Madrid 2020, and this question likes IOC. 11. The delay of Sochi and Rio, in favour of Madrid. The evident delays that take the cities of Rio and, especially, Sochi with a view to the Olympic and Paralympic Games of 2016 and 2014 they play in favour of Madrid. The IOC cannot allow any more risks in cities as Istanbul, which still has great for constructing. 12. Istanbul, far from the Olympian dimension. Istanbul, a city of any more than 11 million inhabitants, chaotic enough, does not look like the best possible scene to organize a few Olympic Games. The traffic between headquarters can be dense. In Madrid, one of the observers timed the distance of the Magic Box Tennis (the most distant installation) to the hotel in 13 minutes, one before what it was putting in the Bid book. 13. Qatar wants the games and Istanbul is problem for their objective. 14. Turkey doesnt have WADA lab. Ankara lost it after the scandal of basket player Diana Taurasi. Spain has two: Madrid and Barcelone, and Japan one in Tokyo. 15. The problem with Syria, Kurdistan and Armenia. 16. 13 members from Royal families. Spanish Royal Family has an excellent relations with most of them. 17. Alejandro Blanco chief of Madrid 2020 has a close relation with Jacques Rogge. And Jacques Rogge want the games in Madrid. He called two years ago the mayor of Madrid to involve him in the third olympic project for Madrid. 18. Jacques Roge is moving to the latin block. 19. Senkaku Islands. China, South Korea and Taipei want the islands an Japan took it last year without any agreement with this 3 countries which have strong lobbies inside the IOC. 20. The crisis is not had in account in the COI The last point is the most important. The COI has stressed already two times that the Spanish crisis is not a problem to give the Games to Madrid. It is more, gives the sensation that to be able to save an entire generation, ballasted for few opportunities and the unemployment, it can end up by being the great Olympian legacy.