Friday, October 2, 2009

Rio Wins Olympics 2016: Billions of Dollars of Costs, Profits, and Thousands of Jobs; Track Brazilian Stocks

More good news for Brazil. Rio de Janeiro has just been announced as the host city of the 2016 Olympics. This always means billions of dollars of costs, profits, and thousands of jobs created.

Final round vote was 63 x 32 in favor of Rio agains Madrid. Some reasons for the choice:

- 85% popular support
- Financial guarantees in place
- 2014 World Cup also in Brazil will accelerate work needed
- Work needed is in line with city master plan.
- First city in South America to host Summer Olympics games.

Location of sports venues:

Picture of venues:
Maracana stadium:


Copacabana stadium:

Lagoa Rodrigo de Freitas:

Copacabana Fort:

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TraderMark said...

beautiful pictures. thanks

traderpau said...

It seems to me that there may be a correlation between Olympics location and the economy of the country. Take China for example, the announcement would mark the start of a last leg dash to the peak of its economy, and the actual game would mark the beginning of a down leg.

Will we see the same with Brazil?

The Shocked Investor said...

Thank you TraderMark. TraderPau, I did think exatly the same thing. I hope it won't be the same fate that China suffered. It should not have to be. I think Brazil does not *need* the Olympics to go forward.

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