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Sochi Is on Track to Be the Most Expensive Olympics in History

Russia may spend as much as $50 billion on new sports venues, better public transit, and modernized electric power systems.
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Reuters

Sochi continues its quick transformation into an Olympic hotspot.

The city (population 350,000) is known for its warm summers and mild winters. After the Games finish up, it will be left with a new sports venues, better public transit, and modernized telecommunications and electric power systems. In fact, enough money has been spent so far that it's projected to be the most expensive Olympic games ever. Costs for all the new infrastructure are now estimated at $50 billion. When Russia won the bid in 2007, it was projected to cost $12 billion.