It's official: the Olympics result in the worst budget overruns of any megaproject

In "The Oxford Olympics Study 2016: Cost and Cost Overrun at the Games," three researchers from the University of Oxford's Said Business School examine the cost estimates and actual costs of every Olympic games since 1960, and finds that they are the most likely of all megaprojects to exceed their estimates, and also exceed those estimates by the largest amount of any megaproject. (more…)