Low ticket sales, disappointing sponsorship, green pools and a long list of issues later, Rio’s Mayor Calls 2016 Olympics a Success.
The thing is,
Only 20% of the 2.5 million tickets for the Paralympics, which run from Sept. 7 to Sept. 18, have been sold. The event’s financing remains tenuous as organizers continue to seek additional sponsors and revenue from last-minute ticket sales.
Rio’s local government and Brazil’s federal government have pledged a combined 250 million reais ($77 million) to bail out the Rio 2016 organizing committee, which says it is short on cash to run the Paralympics. The committee has declined to open its books, and recently won a court battle to keep its finances private.
. . .
Even with the promise of taxpayer-funded help, the International Paralympic Committee is bracing for cuts that are “likely to impact nearly every stakeholder attending the Games,” Philip Craven, the committee’s president, said last week. IPC officials said transportation, media facilities and spectator services are likely to be affected.
Too late to call the whole thing off, but, after this, isn’t it time to end the Olympics?
