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The Waste and Corruption of Vladimir Putin's 2014 Winter Olympics

The waste and corruption behind Sochi’s enormous price tag
The lights of the Olympic media center near the Black Sea coast illuminate a neighboring residential building
The lights of the Olympic media center near the Black Sea coast illuminate a neighboring residential buildingPhotograph by Alexander Gronsky for Bloomberg Businessweek

Behind this week’s cover

The new road and railway to Krasnaya Polyana, the mountain resort that will host the ski and snowboard events of the Sochi 2014 Winter Olympics, start in Adler, a beachfront town that has become a boisterous tangle of highway interchanges and construction sites. A newly opened, glass-fronted train station—the largest in Russia—sits like a sparkling prism between the green and brown peaks of the Caucasus Mountains and the lapping waves of the Black Sea.