Editing 2006 Winter Olympics (section)

==Cost and cost overrun==
''The Oxford Olympics Study'' established the outturn cost of the Torino 2006 Winter Olympics at US$4.4 billion in 2015-dollars and cost overrun at 80% in real terms.<ref>{{Cite book|ssrn=2804554|title=The Oxford Olympics Study 2016: Cost and Cost Overrun at the Games|last1=Flyvbjerg|first1=Bent|last2=Stewart|first2=Allison|last3=Budzier|first3=Alexander|publisher=Saïd Business School Working Papers (Oxford: University of Oxford)|year=2016|location=Oxford|pages=9–13}}</ref> This includes sports-related costs only, that is, (i) ''operational costs'' incurred by the organizing committee for the purpose of staging the Games, e.g., expenditures for technology, transportation, workforce, administration, security, catering, ceremonies, and medical services, and (ii) ''direct capital costs'' incurred by the host city and country or private investors to build, e.g., the competition venues, the Olympic village, international broadcast center, and media and press center, which are required to host the Games. Indirect capital costs are ''not'' included, such as for road, rail, or airport infrastructure, or for hotel upgrades or other business investment incurred in preparation for the Games but not directly related to staging the Games. The cost and cost overrun for Torino 2006 compares with costs of US$2.5 billion and a cost overrun of 13% for Vancouver 2010, and costs of US$51 billion and a cost overrun of 289% for Sochi 2014, the latter being the most costly Olympics to date. Average cost for Winter Games since 1960 is US$3.1 billion, average cost overrun is 142%.