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Rio Has Money Trouble
Despite controversy, Rio successfully hosted the Summer Olympic Games last year and was the focus of the world. Now six months later, the cost of the Games is showing.
Citing unpaid bills, electric companies cut power to the stadium, the venue for the opening and closing ceremonies. Local authorities struggle to maintain the $20 million golf course. The pool is still green. No one wanted to buy the larger arenas, so the Rio government owns them.
The city still owes creditors about $40 million, but as Brazil is still in a depression, the legacy of the games appears bleak. People hoped that the Games would help the lives of the people of Rio, but that opportunity seems to have been missed.
Available at: <https://www.newsinlevels.com/products/rio-has-money-trouble-level-3/>. Access on: February 2017.
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