IOC’s attempt to reduce Games costs is all about icing, not the cake

TSX HEADLINES – for Mar. 7, 2018: The International Olympic Committee announced with great fanfare “The New Norm,” a collection of 118 recommendations to the process of bidding, planning and staging the Olympic Games and Winter Games moving forward.

The 58-page report claims its concepts could save as much as $959 million if all were appropriate and applied. All fine, but does this solve the IOC’s problems of countries not wanting to stage the Games because of costs?

No, because of the basic framework of the Games remains the same: it’s too big.

We review the situation and the details are in our Lane One commentary, plus:

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