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LATIN AMERICA |
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Rio de Janeiro
Celebrates Winning The 2016
Olympic Bid
Rio de Janeiro - Copacabana beach was the site of the
festivities in Brazil on Friday during the
International Olympic Committee's revelation
of who would be the host city for the 2016
Games.
An estimated 100,000 locals and tourists
were on hand to celebrate the announcement
that Rio de Janeiro won the right to host
the world's largest stage of sporting
events.
After three failed attempts, Brazil won the
support of the international delegates and
the International Olympic Committee. The
announcement also marks the first time that
any Olympic Games will be held in South
America.
The costs of preparing for the event in 2016
are estimated at roughly $12 billion U.S.
dollars. However, the event is expected to
generate an expected $250 billion dollars.
Brazil now becomes the third country to hold
both a World Cup and Olympic Games with a
span of two years. In 2014, Brazil will host
the World Cup. |
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