Will Brazil's mega events be worth it?

December 19, 2013

WBEZ

(AP/Ricardo Moraes)
A man waves a flag that reads 'The 2014 Cup is ours' under Christ the Redeemer in Rio de Janeiro.

Brazil is set to host two of the world's biggest sporting events, the 2014 FIFA World Cup and the 2016 Olympics. The costs for creating the necessary infrastructure have already exceeded the initial budgets. Economist Victor Matheson tells us whether these mega events are worth it.