Olympic Records in Cost Overruns
- Bent Flyvbjerg(Research cited)
Press & media:
Press / Media
Press & Media Information
Media Coverage
Title
Olympic Records in Cost Overruns
Media type
Web
Media name
BBN Times
Date
2024-08-07
Producer
Timothy Taylor
Persons
- Bent Flyvbjerg(Research cited)
Description
When a city bids to host the Olympic Games, part of the bid is a commitment that the city or the national government will cover any cost overruns–and experience suggests the cost overruns will be large.
Alexander Budzier and Bent Flyvbjerg discuss the patterns in “The Oxford Olympics Study 2024: Are Cost and Cost Overrun at the Games Coming Down?” (May 2024, University of Oxford Said Business School, Working paper | 2023-24)...