This is correct. Sochi 2014 (Winter O) apparently cost something like $51bn to lay on (some $10bn over budget).
Calgary pulled out of bidding to host the 2026 Winter Olympics a few years ago as there was a strong local backlash on the sheer scale of the costs of the bid. Numerous IOC delegates...
Not last night. But the night before I started watching the badminton (Japan v China). It went to a tiebreaker, which took me through to gone 2am.
RIDICULOUS.