The 1976 Montreal Olympics Financial Debacle
Jan 31 2021
21 mins
It's 1970, and the mayor of Montreal, Jean Drapeau, declares that the 1976 Montreal Games will be self-financing. In his view, these games can no more have a deficit "...than a man can have a baby". In fact, he thinks the real problem will be in determining how to spend the surplus. But over the coming years, all this optimism will evaporate, and the games will become a finan