what is the cost to host the olympics
Cost of the Olympic Games Sports-related costs for the Summer Games since 1960 is on average USD 5.2 billion and for the Winter Games USD 3.1 billion dollars. Severe cost overruns made the 2014 Winter Olympics the most expensive Olympics in history; with Russian politician Boris Nemtsov citing allegations of corruption among government officials,[1] and Allison Stewart of the Saïd Business School at Oxford citing tight relationships between the government and construction firms.[2] While originally budgeted at US$12 billion, the budget expanded to US$51 billion, surpassing the estimated $44 billion cost of the 2008 Summer Olympics in Beijing, making Sochi the most expensive Olympics in history.
Gold medal Olympic Gold medals are required to be made from at least 92.5% silver, and must contain a minimum of 6 grams of gold.[6] All Olympic medals must be at least 60mm in diameter and 3mm thick.[6] Minting the medals is the responsibility of the Olympic host. From 1928 through 1968 the design was always the same: the obverse showed a generic design by Florentine artist Giuseppe Cassioli of Greek goddess Nike with Rome's Colloseum in the background and text naming the host city; the reverse showed another generic design of Nike saluting an Olympic champion.