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Resource ID: #18489
Subject: Federal Funds
Source: Sports Illustrated
Affiliation: 
Date: Dec. 10

Description

A Sports Illustrated investigation looks at the federal spending for the Olympic Games in Salt Lake City in 2002. The magazine estimates the amount of the spending at $1.5 billion by analyzing data from the General Accounting Office, and various federal and Utah state agencies. No federal agency or official is responsible for monitoring the spending, the story reveals. The key finding is that a millionaire developer, a billionaire ski-resort owner, and even a church are benefitting from infrastructure and security projects to which the magic word 'Olympics' is attached. The article compares the 2002 Games spending to what the government paid for previous Olympics in Lake Placid, Los Angeles, and Atlanta.

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