Word: rio
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...Brazil's time," President Luiz Inácio Lula da Silva insisted in his pitch before Friday's International Olympic Committee vote. "It is time to light the Olympic torch in a tropical country." The IOC agreed - and that lit up a frenzied carnival in Rio de Janeiro, a city that knows how to party perhaps better than any other. As the decision was announced, the world forgot Rio's problems for a moment, especially its frightening murder rate, and watched tens of thousands of its residents, known as Cariocas, exult on Copacabana Beach, dancing to deafening music in tanga...
...entire Olympic bid has been extremely popular: one study showed 85% of Cariocas and 69% of Brazilians supported the city's candidacy. Indeed, Cariocas consider the 2007 Pan American Games a big success, but they do so by overlooking the costs and organizational snafus. To secure the Pan Ams, Rio promised to transform the city with a new ring road system, a "via light" highway, a new state highway and 54 km of new metro line. Guanabara Bay, the fetid body of water whose smell assails visitors driving into town from the international airport, was to be cleaned up. None...
Nevertheless winning the Games is a huge boost for Rio. The decision promises to transform a city that has fallen into disrepair and has been looking for a purpose since losing its capital city status in 1960 to the modernist built-to-order jungle metropolis of Brasilia. The massive investment will rejuvenate it. In fact, organizers and government administrators believe that every Brazilian real spent on the Games will generate three in profit...
...World Cup. So far, the indications are not great. The country was awarded soccer's big championship almost two years ago, but work has yet to start on the 12 stadiums needed for that spectacle. Meanwhile, a much-talked about bullet train linking São Paulo and Rio is yet to leave the drawing board. Many officials now doubt whether it will be ready in time for the World Cup. Brazil and Rio can party now and celebrate. But then it's time to roll up sleeves. There's a ton of work to do if they want...
...pictures of Rio de Janeiro on LIFE.com...