Smaller cities, places like Sarajevo, for example, even amid all that destruction there's still so much pride that the [Olympic] games were there and that they did it.

We were talking to shop owners or ordinary people who were living in these buildings now. A lot of the Olympic Villages were turned into housing.

Beijing is an example of [families were displaced for the Olympics]. Something like 10,000 families were moved out.

Even in a city like Barcelona, there are still some people in the city who are angry because that waterfront area is a big tourist destination, and all the rents went up, and they had to move.

If the Russian government continues to pump money into it and makes their national teams train in Sochi and just sort of prop it up as a point of pride, then perhaps. But I don't think anybody living there was begging for multiple 40,000-seat venues to be plopped down in the city.

Every city and country just has a different reason for wanting to host the [Olympic] games.

Like for Putin it's really about hosting this two-week [Olympic] party and showing it off to the world.It's a pride thing. It's a big PR exercise for him and for Russia. So, at that point $50 billion and some environmental damage and a small city's future don't really matter.