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Economy
The undertaking of the organization of the Olympic Games by a city signifies a large-scale intervention in its urban planning, due to the Olympic Village,  the stadiums and the sports installations, and due to all the other infrastructures that are required for the carrying out of the contests and the accommodation of the athletes, officials, journalists and naturally of the spectators. In many cases, the physiognomy of the large cities that hosted the Olympic Games was shaped on the occasion of the Olympic works. This is more evident after the 1960s, namely at a time when the Olympics, together with the works that accompanied them, were expanding greatly.
Along with the rise of the Olympics, there was a rise in the cost of their organization, without there being a corresponding rise in the income. As a result, for many decades the financial result of each organization was showing a deficit. The situation changed only after the lucrative 1984 Olympics, due to the invitation of multinational companies to sponsor the Games, and due to the renegotiating of the terms for the television coverage of the Games. It was the time when the Olympic Games became the biggest television event in the entire world.
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