Rio Olympic Cost Overruns Reach $1.6 Billion: Oxford Study

  • Rio 2016 games to be 51% more expensive than budgeted
  • Olympic games always costlier than expected, study finds

A study from Oxford University’s business school found that the Rio 2016 games will cost $4.6 billion, or an overrun of 51 percent for a country that is facing a second year of economic contraction.

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