Brady Heywood Podcast   /     The 1976 Montreal Olympics Financial Debacle

Description

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 financial disaster.  This project had everything: poor planning, fraudulent practice and corruption. And it shows what happens when architectural and financial free-reign combine with political ambition and immovable deadlines. See omnystudio.com/listener for privacy information.

Subtitle
Duration
1294
Publishing date
2021-01-31 13:01
Link
https://omny.fm/shows/brady-heywood-podcast/montreal-olympics
Contributors
  Sean Brady
author  
Enclosures
https://traffic.omny.fm/d/clips/53b6fe2a-4ef6-4356-ae92-a61500df6da0/56716ae1-321e-43ae-9834-ac92006a5543/bd7ea742-2256-4839-bba7-acbd005c71fb/audio.mp3?utm_source=Podcast&in_playlist=cbc369cb-989a-4e35-ac05-ac92006a555a&t=1612098109
audio/mpeg

Shownotes

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 financial disaster. 

This project had everything: poor planning, fraudulent practice and corruption. And it shows what happens when architectural and financial free-reign combine with political ambition and immovable deadlines.

See omnystudio.com/listener for privacy information.