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Let the games be played with realistic budgetary limits on the host cities.

Publication: Los Angeles Business Journal
Publication Date: 23-AUG-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Let the games be played with realistic budgetary limits on the host cities.(Commentary)

Article Excerpt
THE opening ceremony was spectacular and sentimentalists the world over felt a lump in their throats as the Olympic torch was lit in Athens.

Yet, the games are turning into a financial disaster. Greece has raised its estimate of government spending on the event three times, and it now stands at as much as $8.6 billion. That's 52 percent more than the initial cost estimates. And...

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