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Originally Posted by andy_m
Doesn't actually seem that high a price to pay for the economic benefits and regeneration an Olympic games can bring. Good on Norway for making a stand, but I would suggest it's probably their loss in the long run - far more likely is that they knew they weren't going to win the bid and pulled out in this way to save face.
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Have a look at the Business Insider link Raven posted. Democratic states with electorates to answer to are getting more and more reluctant to take on the Olympics. They cost an absolute fortune and the claimed economic benefits are very hard to come by.