CNN —
The City of Lights will be in the spotlight for the next few weeks as Paris serves as center stage to incredible performances and achievements of the human body, mind and spirit.
However, hosting the Olympic and Paralympic Games has become an extraordinary feat in and of itself — and a financially untenable one at that.
The quadrennial summer and winter events come at a cost. And, especially in recent decades, the spectacle has been blemished by budget overruns, long-term debts, wasteful infrastructure, displacement and gentrification, political strife and environmental harm.
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