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Benefit's of Rio's Olympic Investment Diminish

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(10 Feb 2017) FOR CLEAN VERSION SEE STORY NUMBER: 4080356THE BILLIONS OF DOLLARS SPENT BUILDING UP RIO DE JANEIRO TO HOST LAST YEAR'S OLYMPIC GAMES WAS SUPPOSED TO BENEFIT THE CITY AND ITS RESIDENTS.BUT SIX MONTHS LATER, LITTLE HAS CHANGED FOR THE BETTER.SOUNDBITE: (English) Oliver Stuenkel, Associate Professor of International Relations at the Getulio Vargas Foundation " I think that the short term impact for two weeks is very positive, the city got a lot of publicity. But if you look at the medium and long term impact, I think it was very limited."IN SOME CASES, THINGS ARE WORSE.MARACANA STADIUM - SITE OF THE OPENING AND CLOSING CEREMONY AND A CITY LANDMARK IS NOW LARGELY ABANDONED AND HEAVILY VANDALIZED. POWER WAS CUT OFF AFTER A FEUD OVER UNPAID ELECTRICITY BILLS.OLYMPIC PARK IS HOME TO SLEEK SPORTS ARENAS WITHOUT EVENTS, DESERTED BEFORE THEY WERE EVEN BROKEN IN. SOUNDBITE: (Portuguese) Marisa Ribeiro, Park administrator"There is a lot to do. The space is very big. There are not enough public bathrooms yet, no place to drink or eat in the area, it gets complicated. People that come here to spend some time bring backpacks with food and beverages to stay here. Otherwise, it doesn't work."JUST UP THE ROAD, THE VILLAGE CONSTRUCTED FOR ATHLETES IS FENCED OFF AND MOSTLY EMPTY. THE DEVELOPER SAYS ONLY 260 OF THE 3,604 APARTMENTS HAVE SOLD.WITH BRAZIL STUCK IN ITS DEEPEST RECESSION IN DECADES...MANY OF THESE VENUES MAY BE ABANDONED. RIO ORGANIZERS STILL OWE CREDITORS ABOUT 40 MILLION DOLLARS.LUKE SHERIDAN - ASSOCIATED PRESSYou can license this story through AP Archive: http://www.aparchive.com/metadata/you... Find out more about AP Archive: http://www.aparchive.com/HowWeWork


AP Archive apus071760 45578796021e05826f6615dcf4c44340 Brazil RIO Aftermath (CR) Brazil Latin America and Caribbean Rio de Janeiro Sports Olympic games Lifestyle Government and politics Rio rio RIO 'rio Olympics Olympic purchase finance grant money loan stake property asset venture expense advance plunge hunch bail inside backing stab ante piece flutter spec truth assumption attainment inauguration induction investment succession taking on taking over acquisition bargain closeout deal good deal steal value IRA business cash estate finances financing fortune funds gold interests kitty means nest egg principal resources savings stock substance treasure ways and means wealth wherewithal banknote bread buck bullion cabbage chicken feed coin coinage currency dinero dough green stuff legal tender lot mazumah note payment pledge ready assets refund remuneration reserve riches scratch security skins supply wampum Wall Street exploited for profit materialistic mercenary monetary money-making pecuniary profitmaking venal capital outlay accession buy commercial equity Investment lower ebb wane lessen reduce recede temper abate shrink weaken cut taper drain close minify grow praise rise raise expand extend minimize derogate cheapen devalue decry abuse demean pan put away put down run down dump on exalt laud belittle debase degrade diminish disgrace dishonor humble humiliate mortify shame allay chill out coast cool cool it decline decrease dull dwindle go with the flow hang easy hang loose lay back let go let it all hang out let up mellow out moderate quell slacken slow subdue subside take it easy taper off unlax abbreviate abstract blue pencil chop clip compress concentrate condense contract curtail digest downsize limit narrow put in nutshell restrict slash snip summarize trim truncate denature impair alleviate assuage be enough blunt calm compose conciliate content ease gratify lull make matters up meet halfway mitigate mollify patch things up placate propitiate quench quiet serve soften soothe sweeten tranquilize bad-mouth blister criticize cut down to size cut to the quick deprecate depreciate deride discount discredit disparage dispraise downgrade downplay knock pooh pooh poor mouth rip roast scoff at scorch scorn shoot down shoot full of holes slam smear sneer at sour grapes squash squelch take a swipe at take down take down a peg tear down underestimate underrate undervalue write off abase abridge alloy appease Diminish archive Brazil brazil Rio rio RIO 'rio impact end upshot issue flak payoff waves cause start aftermath aftershock consequence followup hangover offshoot trail wake result aftereffect bottom line can of worms chain reaction effect event fallout follow through follow-up outgrowth payback reaction repercussion sequel sequence spin-off backlash backwash causatum conclusion corollary denouement development end product eventuality fruit outcome precipitate pursuance ramification reflex response side effect case chance end result fortuity hap happenstance product resultant sequent termination any case contingency go-down goings-on happening likelihood possibility probability toss-up after-effect Aftermath Latin North America South America U.S. U.S.A. US of A USA America Columbia Land of Liberty New World land of opportunity the States United States america also moreover additionally again along along with and as well as well as besides conjointly further furthermore in conjunction with in like manner including likewise more more than that on top of over and above plus still to boot together with too withal added aggrandized amassed another augmented bounteous deeper else enhanced exceeding expanded extended extra farther fresh heavier higher in addition increased innumerable larger major massed new numerous other spare supplementary too many wider And? AND Caribbean Rio de Janeiro Rio rio RIO 'rio fun pastime game play ball picnic disport gaiety action frolic games work teasing jest scorn jesting mockery banter joke jollity mirth kidding mummery praise gloom target buffoon butt mock jestee don model distraction diversion entertainment hobby interest lark prank recreation sport amateur animal challenger competitor contender contestant games player gorilla iron person jock jockey muscle person player professional shoulders sportsperson superjock come on strong display exhibit expose flash gesture parade raise shake show show off swing threaten throw weight around trot out warn wield escapade gag gambol high jinks hop hot foot jump leap mischief monkeyshines practical joke put on revel rib rollick shenanigan stunt tomfoolery trick caper caracole carry on cut loose cut up dance fool around frisk go places and do things horse around horseplay monkey around romp roughhouse antagonism athletic event bout candidacy championship clash concours contention controversy counteraction do or die dog eat dog emulation encounter engagement event fight go for it go for the gold horse race jungle match matchup meeting one on one one-upping opposition pairing off puzzle quiz race racing rat race rivalry run strife striving struggle tilt tournament trial tug-of-war warfare amusement athlete brandish cavort competition play sport jest lark line romp joke fun plan task work contest meeting round match meat quarry fowl fish kill victim prey chase ravin ploy strategy hoax derision design tactic butt device scheme prank drill events exercises games practice races recreation workout clash duel event fight joust meet series test tilt tourney activity agility alacrity alertness animation bag ballgame big idea bit business bustle commotion dash deal energy enterprise flurry force functioning game going happening haste hoopla hopper in the works industry life liveliness motion movement occupation operation power process proposition racket reaction response rush scene spirit stir stunt trip turmoil vigor vim vitality vivacity act avocation deed endeavor entertainment hobby job labor pastime project undertaking venture zoo ante buy in on chance dice hazard lay down lay odds play against play for play the ponies pledge pony up put put money on risk set speculate tempt fortune toss up trust wager feathered creature athletics tournament action bet bird Game seduction spit female art of seduction shotgun rockpaperscissors rockpaperscissorsmatch cowboyindianbear roadtrip behavior conduct habits assets capital chances class command degree dowry financial status footing income lifestyle lot means net worth outlook position precedence prestige property prospects prosperity rank rating resources situation sphere standing state station status substance times way of life worldly goods arts and sciences civilization convention customs development ethnology folklore folkways grounding habit humanism knowledge mores society the arts attainment circumstances enjoyment enlightenment growth hand one is dealt happiness human condition journey participation personality realization suffering trials and tribulations vicissitudes world culture life modus vivendi Lifestyle power ministry union state rule politics law regime control empire guidance sway regency polity command dominion the feds anarchy chaos coup mutiny revolt administering agency application authority charge conduct conducting directing direction dispensation disposition distribution enforcement execution governing government handling jurisdiction legislation order organization overseeing oversight performance policy provision regulation running strategy superintendence supervision surveillance ascendancy authorization beef clout credit domination edge esteem force goods guts influence juice jump leg up license mastery might might and main permission permit pizzazz pow powerhouse prerogative prestige punch right ropes say say-so steam strength strong arm stuff supremacy upper hand warrant weight what it takes whip hand word zap administration beadledom city hall civil service directorate management officialdom officials powers that be red tape regulatory commission the Establishment the system administrators advisers assembly assistants brain trust bureau bureaucracy committee council counselors department heads governing body kitchen cabinet official family ability absolutism aplomb coercion compulsion constraint despotism expertise expertism expertness grasp grip hold know-how leadership primacy restraint royalty skill sovereignty strings tyranny alliance anschluss bond compact confederation conspiracy covenant federation league cabinet confederacy Government zoo polity jungle civics address artfulness craft delicacy delicatesse discretion expedience finesse negotiation poise politics savoir-faire skill statecraft subtlety Uncle Sam Washington authority bureaucracy command control direction domination dominion empire execution executive governance guidance influence jurisdiction law ministry patronage political practice power powers-that-be predominance presidency regency regime regimentation regulation restraint rule sovereignty state superintendence superiority supervision supremacy sway the feds union art of the possible government poli-sci political theory realpolitik statesmanship administration predominanc brownnose cajole fall all over gratify lay it on massage play the game play up to please politic satisfy snow soap soften up stroke suck up to diplomacy political science pander
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