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February 8, 2013

Putin angry as Olympic ski jump cost hits $265M

  • Holding the Winter Olympics in Russia will cost $50 billion, making them the most expensive in history.
    Associated Press

    SOCHI, Russia — A year before the 2014 Winter Olympics are to begin, President Vladimir Putin has demanded that a senior member of the Russian Olympic Committee be fired, apparently due to cost overruns in host city Sochi.

    The current price tag for the Sochi Games is 1.5 trillion rubles ($51 billion), which would make them the most expensive games in the history of the Olympics — more costly even than the much-larger Summer Olympics held in London and Beijing.

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