Cities compete fiercely for the chance to host the Olympics, but it's long been known that doing so always results in staggering costs, financial as well as environmental, that far outweigh the profits.

For more,KCBS Radio news anchor Liz Saint John spoke with Andrew Zimbalist,  professor of economics at Smith College.

<p>Cities compete fiercely for the chance to host the Olympics, but it's long been known that doing so always results in staggering costs, financial as well as environmental, that far outweigh the profits.</p>
<p>For more,KCBS Radio news anchor Liz Saint John spoke with Andrew Zimbalist, &nbsp;professor of economics at Smith College.</p>

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