Ka-Ching!
Rio beat out Chicago for the 2016 Olympics.
A Globe editorial reports the following:
"Rio de Janeiro, one of the most violent cities in the world (2,069 murders last year), with crumbling transportation infrastructure and a ramshackle airport, surrounded by impoverished and drug-ridden ghettos, will be expected to host a seamless Games and accompanying tourist experience, at an estimated cost of $15-billion.
It must simultaneously find a way to double current hotel space to 50,000 rooms.
Of course, the $15-billion estimate is likely conservative. The budget for the 30th Olympiad in London has already quadrupled - from the original $3.3-billion to $15.4-billion (Can.). And the Games are still three years away."
Murders and drug-ridden ghettos.
And these games will help matters how?
