Will Beijing make money?
They’re doing some really crazy, crazy things. They’ve selected two venues 60 and 120 miles to the north of Beijing to host the Nordic and Alpine skiing events. Both of those areas are arid — not far from the Gobi Desert. They have to invest tens of billions of dollars in a water transfer system because they’re going to have to use artificial snow. None of that’s going to appear in the Olympic budget. It’s extremely stupid to spend that kind of money to promote skiing in the north of China when it’s not a very popular sport. They admitted to spending $44 billion for the 2008 Summer Games (emphasis added).