The Olympic Games have always been a world sports event with great influence and attention. Every Olympic Games brings together the world's best athletes to show the limits of human sports. Hosting the Olympic Games is also a manifestation of the strength of the country and the city. However, with the development of the times, the Olympic Games are not as enthusiastic as in the past, after all, hosting an Olympic Games is a matter of labor and loss. When it comes to the most failed Olympic Games in history, it was the 1976 Montreal Olympics.
As a Canadian city, Montreal itself is doing very well. They competed with first-tier cities such as Los Angeles, Moscow, and Florence to host the 1976 Olympics. In order to get the right to host, Montreal said it would host the most perfect and rustic Olympic Games. Sports delegations from all over the world will be entertained free of charge, and all costs will be settled by themselves. In the end, they got the right to undertake, and they began to prepare in a furious manner.
However, the process is not easy, because hosting the Olympic Games requires many first-class venues. The construction of the venue in the early stage has far exceeded Montreal's expectations. After that, they can only harden their scalps. When the delegations from all over the world actually stayed, the competition was indeed very exciting. However, the daily expenditure is like flowing water, as if it is a bottomless pit, and after the final Olympic Games, Montreal is in debt of 1 billion US dollars.
Until then, Montreal hopes to make the city's signature through the Olympic Games, introduce more investment, and attract more talents to make the city better develop. However, after the major companies saw Montreal's debt situation, they all started to retreat. Even many of the large local corporations have chosen to evacuate Montreal, making the city's situation worse.
Since then, in order to be able to repay its debts, Montreal has had to issue various lottery tickets, and almost an entire city has helped pay off its debts, and it took a total of 30 years to fill the big hole. It is worth mentioning that the debt is 1 billion US dollars, the interest on debt repayment is far more than 1 billion US dollars, and it is not until 06 years that Montreal has paid off the debt. However, the withdrawal of large enterprises has also made urban development more and more difficult, and it can be said that it is contrary to the purpose of hosting the Olympic Games.
As we all know, to hold an Olympic Games now, to use countless human and financial resources, after the 2008 Beijing Olympic Games, 12 years of London Olympic Games, 16 Years of Rio Olympic Games, 20 years of Tokyo Olympic Games, each session is not enough to make ends meet. After seeing such a scene, the major cities in the world are now reluctant to bid for the Olympic Games. The Olympic Organizing Committee once came up with the idea of holding a designated city, but Chinese netizens have said that we have done it once. 2008 showed our country very well, there is no need to do it again.