
The 1970s Olympics had their share of drama, from political boycotts to financial disasters. One host city took such a massive economic hit from hosting the games that it spooked potential Olympic hosts for decades. Which city hosted the 1976 Summer Olympics?
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The answer is: Montreal, Canada
Montreal's Olympic journey became a cautionary tale of epic proportions. The city's mayor Jean Drapeau famously declared "The Olympics can no more lose money than a man can have a baby." He couldn't have been more wrong. The final bill came to roughly $1.5 billion, creating a debt that Montreal taxpayers wouldn't finish paying off until 2006.
The iconic Olympic Stadium became known as "The Big Owe." Construction delays meant the stadium's tower wasn't even finished for the games. Workers were still building it as athletes competed below. The retractable roof, meant to be the stadium's crown jewel, didn't get installed until 1987. It then spent years refusing to retract properly, tearing regularly and filling with snow. There are plans underway for a third roof, but, shockingly, it keeps getting delayed and the price keeps increasing.
Beyond the financial fiasco, the games themselves gave us Nadia Comăneci's perfect 10s in gymnastics and legendary performances from runners like Alberto Juantorena. But the enduring legacy was how Montreal scared other cities away from hosting. When Los Angeles bid for the 1984 Olympics, they were the only candidate. No one else wanted to risk becoming another Montreal. The Montreal Games became such a symbol of Olympic excess that even today, cities mention it when debating whether to pursue hosting duties.
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