Formidable 1 wrote:
Not really when this is taken into consideration:
"Peru’s largest ever sporting event came at price tag of about $1 billion. Organizers said that was about half as much as Toronto 2015 and that the project created world-class infrastructure for the 9 million residents of the Peruvian capital located in a desert across from the Pacific Ocean. But some said the government should have instead spent that money in poor communities that lack drainage, roads and drinking water in one of the world’s driest capitals."
That's a lot of money that the majority of needy Peruvians will never see.https://www.washingtonpost.com/sports/p ... edirect=on
I have read estimates of 1.2 billion dollars, which if divided by the number of Peruvians, works out to roughly 40 dollars per person. Given that a good chunk of that money went to pay for local labour, and local goods (such as cement), that money went back into the economy. Also, there are other benefits that are different to calculate, like the exposure Peru got abroad, which pays dividends down the road in tourism. So, yeah, maybe it was expensive, but it's not as bad as it seems.
Also, Peru is left with the legacy of the infrastructure, and a different kind of contract that brought the project in on time, and on budget. This experience will hopefully pay dividends down the road.
But yes.. the its going to cost a lot to upkeep. I heard 2million a year for the infrastructure built in Villa Maria de Triumpha (incredible location, btw... a beautiful site with the pool and a couple stadiums built among hills with sprawling construction). I thought that was a risky, but good decision to build there.