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JUN 05, 2014 - TheStreet

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The World Cup Is an Absolute Money Pit

PORTLAND, Ore. (TheStreet) -- It's been 20 years since the United States hosted its first and only World Cup, and the benefits of that year's event are still a point of debate. It won't take nearly as long to determine the impact of this year's $15 billion World Cup in Brazil. The Nation and Edge of Sports writer Dave Zirin has already published his book about what the displacement of Brazilian citizens by construction, the cost of defending World Cup venues from growing contingents of protesters and the overwhelming debt that this World Cup and the 2016 Summer Olympics will have on ... Read More

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