It's less than Sochi's $US51 billion ($67 billion), but with combined costs at least around 47.4 billion reais ($19.3 billion), the Rio Olympics are a big burden for recession-hit Brazil.
The surging costs of both hosting sporting tournaments look like overblown follies, especially in the Latin American country whose economy has contracted in eight of the past 10 quarters.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
