Researchers have known for years that hosting large sporting events like the Olympics always costs more than expected and always yields less revenue and useful long-term infrastructure than estimated. Now voters and politicians in democratically elected countries are starting to realize the same thing.

Potential host cities are dropping out of the bidding process for the 2022 Winter Olympics like crazy. — Business Insider

It is envisioned as one of the grandest parties in the Western Hemisphere—the 2016 Olympic Games in Brazil. Rio de Janeiro will be the first South American city to host the quadrennial showpiece, and the events in “Cidade Maravilhosa” (Marvelous City) are expected to constitute one of the most expansive Games ever. [...]

However, concern that Rio might not be ready in time for the Games is growing louder. — urbanland.uli.org

Flaring its muscular grey wings like a stingray leaping out of the river Lea, the Aquatics Centre was planned as the showpiece of the London 2012 Olympic Games, a piece of liquid drama designed by the country's most celebrated queen of the curve, Zaha Hadid. [...]

"I didn't mind the seating stands so much," shrugs Hadid, sitting poolside beneath the bulging belly of her building, which finally opens to the public on Saturday. — theguardian.com

Rio de Janeiro is set to host the 2016 Summer Olympic Games and there are two starkly different visions of what that will mean for the "marvelous city," as it is known[...]

"Instead of creating a space of conviviality, a space of shared culture, of community, of conversation, you are going to have this very isolated element where after 5 o'clock in the afternoon, it's going to be dead. You are creating banks, parking lots, Trump towers," Gaffney said. "It's been rezoned for 50-story buildings." — npr.org

[...] I saw a Populous stadium in Hong Kong I liked once with these two big arches. And it opened from end zone to end zone.

And so we started to go off of that particular path, opened up the ends of the building so that you could see the sea and the mountains. [...] And it developed then into what you now see as the stadium that is right there for the games. — hereandnow.wbur.org

The Winter Olympics in Sochi are just a few days away. Russia has spent $50 billion on everything from construction to security, making these the most expensive games in history. [...]

"I think one of the knee-jerk reactions has been ... 'will we be left with a load of white elephants?' " he adds.

The answer from most economists who study the Olympics is: Yes, you will. — npr.org

Olympic stadiums are nothing new for Populous, the global practice known for designing some of the world's iconic sports venues. With the Sochi Winter Olympics a few days away, we'll give a little headstart with a glimpse into Fisht Olympic Stadium -- which Populous was selected to design in 2009 -- before it makes its debut at the Opening Ceremony. — bustler.net

Japanese capital beats out rival bids from Istanbul and Madrid to win right to host 2020 summer sports extravaganza. — Al Jazeera

The International Olympic Committee (IOC) has confirmed a shortlist of twelve architectural firms aspiring to design its new Olympic headquarters on a site by Lake Geneva in Lausanne, Switzerland. The list surely doesn't lack any star power, featuring names like OMA, Toyo Ito & Associates, Diller Scofidio + Renfro, 3xn and Farshid Moussavi Architecture. — bustler.net

"But now the Olympics is hell for me and for everyone who lives along this street. It is hell and we feel very bitter towards the government. Even if it is prestigious for the country to host the Games it is a calamity, a real calamity." — BBC News

Sydney spent three times its original $2 billion Games budget—its Olympics facilities still operate at a loss. Most of Athens’ stadia remain empty, some in graffiti-covered disrepair. — thedailybeast.com

Give Coca-Cola points for architectural originality. It has built what looks like a series of red and white plastic blocks that have just been hit with buckshot and are exploding into shards. What is this thing? It is the Coca-Cola Beat Box, a “building that you can play,” as the company’s many young docents will exuberantly explain. — NYT

It was International Olympic Committee founder Pierre de Coubertin's great dream to marry the aesthetic with the athletic—thus, every Olympics between 1912 and 1948 awarded gold, silver, and bronze medals to artists. There were five categories of individual competition: Architecture, painting, sculpture, literature, and music. — theatlantic.com

The 600 seats in question only concern 10-meter platform events, which start Monday. Small portions of the dives may not be visible. The Zaha Hadid-designed Aquatics Centre features a dipping roof that limits viewing from the highest seats. — sfgate.com

At the 1928 Amsterdam games, athletes were accommodated in spare rooms in boarding houses and aboard ships. The first Olympic Village was built in 1932, in the Baldwin Hills neighborhood of Los Angeles, but it was dismantled after the games and virtually no trace survives today. Not until the 1952 Olympics in Helsinki did host cities began to plan and develop permanent structures for housing athletes. — Places Journal