Grass Root Anti-Olympics Group Starts Up in Boston

"The IOC requires a public official from each bidding city to [financially] 'guarantee' the Games, meaning MA taxpayers would be on the hook as costs go over the initial budget, as they have in every modern Olympic Games. Olympic boosters will say that the private sector can pick up much of the tab, but we should be wary of those assurances. A developer promised Vancouver to build its Olympic Village at no cost, but then later filed for bankruptcy, leaving the city responsible for $300 million in unpaid construction loans."