Word: olympicsized
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When he’s not acting in Hasty Pudding burlesques, you might find W. Brian Polk hanging out with his pals from the improv group On Thin Ice or performing in comic operas with the Harvard-Radcliffe Gilbert & Sullivan Players; he’s also been spotted performing in...
Even in the best of times, staging an Olympic Games is an extraordinary feat. Hosting thousands of athletes and millions of spectators takes billions of dollars in investment to pull off. But with public and private funding under heavy strain in the global downturn, it's hardly the ideal time...
So how do you budget for the Olympics during lean times? Some $13.8 billion in public funds has been allocated to the London Games, a huge jump from the $5 billion that was budgeted in 2005. Having fluffed the original math, though, the government insists that the event won't...
London is not the only one suffering. Caution among private investors, particularly when it comes to the enormous athletes' village, has hit other upcoming Games. The local government in Vancouver will now likely fund much of the $820-million village intended for its 2010 Winter Olympics after private backing fell...
And while short-term costs might seem painful during an economic slump, cities will be keen to press longer-term benefits. "The London 2012 Games will provide economic gold at a time of economic need," Tessa Jowell, Britain's Olympics Minister, wrote in the latest annual report on progress toward...