How Expensive Are the 2014 Sochi Olympics and Why?

The Olympics have never been known to be an inexpensive event to host, but the 2014 Sochi Olympics are putting all the old financial statistics to shame. Taking place between February 7, 2014 through February 23, 2014 in Sochi, Russia, the 2014 Winter Olympics have reached an astronomical price tag of $50 billion dollars and counting, making it the most expensive Olympic Games to date. To get a better understanding of why the 2014 Sochi Olympics are so exceedingly expensive, we will breakdown the expenses for you. Read on for a look at what is making the Sochi Olympics the most expensive Olympic Games to date.

Beautification and Putin’s Show of Power

Vladimir Putin has taken these Olympic Games very seriously. He initially presented to the Olympic Committee with two languages, English and French. Once secured, he poured $12 billion dollars into Sochi building up hotels, lodges, ski resorts and restaurants. Putin made sure the roadways were improved, highways, too. Even a new power plant was built. Many news sources have reported that Vladimir Putin capitalized like no other country’s leader had who had the honor of hosting the Olympic games.


Sochi is located at the southern most point of Russia. It is in an area that is riddled with crime. It is located on the Black Sea near Georgia, Turkey and Armenia. There have been threats against the games from terrorists from Russia’s Dagestan area. Most have been called “unfounded” but there are very real concerns about people traveling there. Safety is a major concern at the Sochi Olympic Games.


Security has been ramped up around the Olympic campus and a “Ring of Steel” has been constructed around the perimeter. Russian officials have promised that no one will be able to penetrate the barrier.

The Bottom Line

The Sochi Olympics are not only being called the most expensive Olympic Games to date, but also the most corrupt. The Sochi Olympics appear to be a platform for Vladimir Putin to show off his great control of Russia, however, it is showing off some of the country’s greatest flaws. As a result, unfinished hotels are being thrown up, security is being bulked up due to the country’s close proximity to dangerous areas of the Baltic. Unfortunately, the Sochi Olympics has become a beacon for criminal activity from around Russia, not just from its Upper Caucus but from other regions, too. As a result security must be boosted and bolstered. The bottom line is simple. While the country is beautified in a hurry before it has its shining moment, threats are being made against the games and the security of its athletes and spectators. The location is a dangerous one, and the total is going to rise from the $50 billion current tally.

Subscribe to this company YouTube channel if you are more interested in personal finance and money management.

Leave a Comment

Your email address will not be published. Required fields are marked *