IBOV 176,537 ▲ 0.45% IPSA 10,928 ▲ 0.16% IPC MEX 66,559 ▲ 0.89% MERVAL 3,232,092 ▼ 0.10% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL5.07▼ 1.26% USD/MXN17.43▼ 0.59% USD/CLP926.58▼ 0.68% USD/COP3,253▼ 0.30% USD/PEN3.39▼ 0.62% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.49% BRENT 85.38 ▲ 2.50% WTI 79.81 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,061 ▲ 1.60% SILVER 59.13 ▲ 2.59% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.71 ▲ 0.12% VALE3 74.05 ▲ 1.65% ITUB4 43.50 ▼ 0.05% BBDC4 18.58 ▼ 1.01% ABEV3 15.80 ▼ 0.19% BBAS3 20.56 ▲ 1.58% B3SA3 15.35 ▲ 1.52% WEGE3 44.25 ▼ 0.32% PRIO3 57.60 ▲ 0.70% SUZB3 41.19 ▼ 0.72% RENT3 40.42 ▲ 0.55% AZZA3 18.91 ▼ 1.61% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 3.96 ▲ 0.51% PSSA3 54.37 ▲ 0.61% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.75 ▼ 0.87% NATU3 8.53 ▼ 0.81% BRKM5 6.81 ▼ 1.87% RANI3 8.02 ▲ 0.88% CSNA3 5.19 ▼ 0.95% CMIN3 5.14 ▼ 5.69% USIM5 8.23 ▼ 1.79% GGBR4 23.28 ▲ 2.02% ENEV3 27.07 ▲ 0.71% CPFE3 47.15 ▲ 0.66% CMIG4 11.18 ▲ 0.99% EQTL3 40.87 ▲ 1.64% LREN3 14.28 ▲ 0.92% VIVT3 35.60 ▲ 2.51% RAIL3 14.07 ▼ 0.28% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 35.94 ▲ 1.07% HAPV3 11.13 ▲ 6.41% FLRY3 16.45 ▲ 1.86% SMTO3 16.19 ▼ 1.10% UGPA3 30.02 ▼ 2.94% VBBR3 33.18 ▲ 1.28% BBSE3 40.27 ▼ 0.02% BPAC11 58.16 ▲ 1.11% CURY3 33.48 ▲ 1.09% AERI3 2.07 ▼ 0.48% VIVARA 23.41 ▲ 1.30% COMPASS 25.20 ▲ 1.74% VAMOS 3.18 ▲ 5.30% SANB11 27.32 ▼ 0.18% ASAI3 8.69 ▼ 0.23% SBSP3 30.33 ▼ 0.13% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.54 ▼ 0.73% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 — 0.00% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,685 ▲ 0.71% COPEC 6,149 ▲ 1.51% BSANTANDER 78.39 ▲ 0.24% FALABELLA 5,920 ▲ 0.25% ENELAM 85.23 ▲ 1.22% CENCOSUD 2,040 — 0.00% CMPC 1,096 ▲ 1.69% BANCO CHILE 188.71 ▲ 2.01% LATAM AIR 24.70 ▼ 0.80% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,220 ▼ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.80 ▲ 2.28% LOMA NEGRA 3,535 ▲ 1.07% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,330 ▲ 1.88% ECOPETROL 15.90 ▲ 0.13% BANCOLOMBIA 82.10 — 0.00% GRUPO AVAL 4.95 — 0.00% CREDICORP 392.24 — 0.00% SOUTHERN COPPER 182.38 — 0.00% BUENAVENTURA 31.03 — 0.00% MERCADOLIBRE 1,870 ▲ 0.14% NUBANK 14.03 ▲ 2.63% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 — 0.00% TECNOGLASS 44.23 ▲ 3.24% GAP AIRPORT 225.95 — 0.00% ASUR 275.61 — 0.00% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 — 0.00% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.75 ▲ 2.41% PETROBRAS ADR 17.97 ▲ 0.50% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.39 — 0.00% AMBEV ADR 3.09 — 0.00% CSN 1.03 — 0.00% GERDAU 4.61 — 0.00% LATAM ADR 53.51 — 0.00% BTC 64,458 ▲ 3.57% ETH 1,876 ▲ 5.78% SOL 76.99 ▲ 2.84% XRP 1.11 ▲ 4.28% BNB 580.07 ▲ 2.37% ADA 0.16 ▲ 3.80% DOGE 0.07 ▲ 3.20% AVAX 6.66 ▲ 3.35% LINK 8.29 ▲ 5.24% DOT 0.85 ▲ 1.37% LTC 44.88 ▲ 3.20% BCH 236.01 ▼ 0.10% TRX 0.33 ▲ 0.31% XLM 0.18 ▲ 2.23% HBAR 0.07 ▼ 0.19% NEAR 2.02 ▲ 5.33% ATOM 1.56 ▲ 1.30% AAVE 99.43 ▲ 5.37% SELIC 14.25% EMBRAER 82.70 ▼ 0.37% EMBRAER ADR 64.55 ▲ 0.11% JBS 11.83 ▲ 0.25% JBS BDR 60.01 ▼ 0.99% MBRF3 16.12 ▲ 2.54% MBRFY 3.14 ▲ 2.95% INTER 5.70 — 0.00% IBOV 176,537 ▲ 0.45% IPSA 10,928 ▲ 0.16% IPC MEX 66,559 ▲ 0.89% MERVAL 3,232,092 ▼ 0.10% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL 5.07 ▼ 1.26% USD/MXN 17.43 ▼ 0.59% USD/CLP 926.58 ▼ 0.68% USD/COP 3,253 ▼ 0.30% USD/PEN 3.39 ▼ 0.62% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.25 ▲ 0.29% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.33% USD/TTD 6.75 ▲ 1.13% EUR/BRL 5.79 ▼ 0.49% BRENT 85.38 ▲ 2.50% WTI 79.81 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,061 ▲ 1.60% SILVER 59.13 ▲ 2.59% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▲ 1.91% PETR4 40.71 ▲ 0.12% VALE3 74.05 ▲ 1.65% ITUB4 43.50 ▼ 0.05% BBDC4 18.58 ▼ 1.01% ABEV3 15.80 ▼ 0.19% BBAS3 20.56 ▲ 1.58% B3SA3 15.35 ▲ 1.52% WEGE3 44.25 ▼ 0.32% PRIO3 57.60 ▲ 0.70% SUZB3 41.19 ▼ 0.72% RENT3 40.42 ▲ 0.55% AZZA3 18.91 ▼ 1.61% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.46 ▼ 5.02% GMAT3 3.96 ▲ 0.51% PSSA3 54.37 ▲ 0.61% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.75 ▼ 0.87% NATU3 8.53 ▼ 0.81% BRKM5 6.81 ▼ 1.87% RANI3 8.02 ▲ 0.88% CSNA3 5.19 ▼ 0.95% CMIN3 5.14 ▼ 5.69% USIM5 8.23 ▼ 1.79% GGBR4 23.28 ▲ 2.02% ENEV3 27.07 ▲ 0.71% CPFE3 47.15 ▲ 0.66% CMIG4 11.18 ▲ 0.99% EQTL3 40.87 ▲ 1.64% LREN3 14.28 ▲ 0.92% VIVT3 35.60 ▲ 2.51% RAIL3 14.07 ▼ 0.28% KLABIN 17.43 ▼ 0.29% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 35.94 ▲ 1.07% HAPV3 11.13 ▲ 6.41% FLRY3 16.45 ▲ 1.86% SMTO3 16.19 ▼ 1.10% UGPA3 30.02 ▼ 2.94% VBBR3 33.18 ▲ 1.28% BBSE3 40.27 ▼ 0.02% BPAC11 58.16 ▲ 1.11% CURY3 33.48 ▲ 1.09% AERI3 2.07 ▼ 0.48% VIVARA 23.41 ▲ 1.30% COMPASS 25.20 ▲ 1.74% VAMOS 3.18 ▲ 5.30% SANB11 27.32 ▼ 0.18% ASAI3 8.69 ▼ 0.23% SBSP3 30.33 ▼ 0.13% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.54 ▼ 0.73% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 — 0.00% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,685 ▲ 0.71% COPEC 6,149 ▲ 1.51% BSANTANDER 78.39 ▲ 0.24% FALABELLA 5,920 ▲ 0.25% ENELAM 85.23 ▲ 1.22% CENCOSUD 2,040 — 0.00% CMPC 1,096 ▲ 1.69% BANCO CHILE 188.71 ▲ 2.01% LATAM AIR 24.70 ▼ 0.80% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,220 ▼ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.80 ▲ 2.28% LOMA NEGRA 3,535 ▲ 1.07% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,330 ▲ 1.88% ECOPETROL 15.90 ▲ 0.13% BANCOLOMBIA 82.10 — 0.00% GRUPO AVAL 4.95 — 0.00% CREDICORP 392.24 — 0.00% SOUTHERN COPPER 182.38 — 0.00% BUENAVENTURA 31.03 — 0.00% MERCADOLIBRE 1,870 ▲ 0.14% NUBANK 14.03 ▲ 2.63% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 — 0.00% TECNOGLASS 44.23 ▲ 3.24% GAP AIRPORT 225.95 — 0.00% ASUR 275.61 — 0.00% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 — 0.00% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.75 ▲ 2.41% PETROBRAS ADR 17.97 ▲ 0.50% VALE ADR 14.55 ▲ 2.61% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.39 — 0.00% AMBEV ADR 3.09 — 0.00% CSN 1.03 — 0.00% GERDAU 4.61 — 0.00% LATAM ADR 53.51 — 0.00% BTC 64,458 ▲ 3.57% ETH 1,876 ▲ 5.78% SOL 76.99 ▲ 2.84% XRP 1.11 ▲ 4.28% BNB 580.07 ▲ 2.37% ADA 0.16 ▲ 3.80% DOGE 0.07 ▲ 3.20% AVAX 6.66 ▲ 3.35% LINK 8.29 ▲ 5.24% DOT 0.85 ▲ 1.37% LTC 44.88 ▲ 3.20% BCH 236.01 ▼ 0.10% TRX 0.33 ▲ 0.31% XLM 0.18 ▲ 2.23% HBAR 0.07 ▼ 0.19% NEAR 2.02 ▲ 5.33% ATOM 1.56 ▲ 1.30% AAVE 99.43 ▲ 5.37% SELIC 14.25% EMBRAER 82.70 ▼ 0.37% EMBRAER ADR 64.55 ▲ 0.11% JBS 11.83 ▲ 0.25% JBS BDR 60.01 ▼ 0.99% MBRF3 16.12 ▲ 2.54% MBRFY 3.14 ▲ 2.95% INTER 5.70 — 0.00%
since 2009
Tuesday, July 14, 2026

Opinion: The Rio 2016 Olympics – A Hellish Legacy?

By · July 25, 2016 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Thousands of tourists have begun to descend upon Rio de Janeiro for the 2016 Olympic and Paralympic Games, notwithstanding the police protest sign saying “Welcome to Hell“.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The list of Olympic failures is legion: a golf course despoiling a nature preserve; the forcible eviction of long-term community residents near the Olympic center in Barra da Tijuca; the abject failure of the UPP program touted as a way to clean up crime-ridden favelas; the murder of at least ten police officers each and every month.

Did we mention sewage? The promise to clean up the sewer that is Guanabara Bay was a lie, as was the promise to clean up the sewage in the Lagoa. Even the Olympic Village complex of multi-story residential buildings designed to be luxury housing after the Olympics, is currently uninhabitable because of blocked toilets.

What’s the “legacy” of Rio 2016? One is supposed to be public transportation, as some long-needed options (such as the VLT) to buses and trains are inaugurated. Metrô Line 4, which was supposed to be fully operationally six months ago, will use the “Olympic Family” as guinea pigs to see whether it works. But the completely mismanaged juggling of public bus routes, with no notice of where they go, will befuddle tourists and Cariocas alike. Just don’t ride your bicycle to São Conrado from Leblon.

The transportation legacy ought to include Rio’s horrendous commuter train service — but it doesn’t. Trains are the principal means for poor people to get themselves from their distant suburban communities to their jobs in Rio de Janeiro. As more and more people are removed from gentrified Zona Sul (South Zone) favelas, their residents head west, so the trains get more and more crowded.

The bankruptcy of the State of Rio means that the public health system and the public safety system are even less able to serve the populace than before. The health authorities have announced that no one with health insurance will be taken to a public hospital in an emergency.

The state police get their salaries two weeks late, and don’t even have money to buy paper to put in their printers, so local merchants have been advancing funds for this purpose. In other words, if you’re held up at gunpoint, don’t bother trying to file an official complaint. The authorities point to importation of some 50,000 “security” agents; hopefully, at least some of them have had training in how to use the weapons they’ll be issued.

Another supposed legacy is the purpose-built sports stadia, all of which cost at least double their original estimates. Just like the white elephant football palaces built for the 2014 World Cup, they too will begin to rot and mould away, as they stand unused.

And, finally, let us consider the worst legacy of Rio 2016 — unemployment. All the infrastructure and habitation created lots of construction jobs; but as of September, those jobs will disappear. Once the Games end and the 50,000 security agents go back to their daytime jobs, street crime will increase and the hotels built in seedy downtown and faraway Recreio will soon be largely empty, with no need for staff.

But during August and September, most Cariocas will be glued to the tube, watching the spectacle and pretending that everything will be all right.

The Curmudgeon really truly thought, back in 2012, that Rio might just become a serious place by 2016, because of Rio 2016; sadly, he was wrong.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.