Professional Documents
Culture Documents
A look at the 2016 Summer Olympic Games Rio de Janeiro, Brazil, South America
ADAM DOUDIET M.S. Candidate in Real Estate Finance
Since winning the bid in 2009
stadiums,
Olympic
health care.
offered
Games,
Rio
de
have
faced
many
The
development
of
the
residences
these
for
residents
hundreds of thousands of
dollars in compensation, there
governments
up in a corruption scandal
involving state-run oil firm
Petrobras.
This
political
throughout
Brazil,
President
Dilma
Rousseff.
Protesters have also fought
against
hosting
the
2014
to
conflict
efforts
Rios
communities.
In
the
neighborhood
of
Vila
Autodromo, hundreds of
families have had to relocate
to allow for the construction of
February 19, 2016 [Edition 1, Volume 1]
Vila Autodromo, one of Rios
Games
many
surrounding
removal
commercial development in
the
get
favelas
(slums),
is
will
of
citys
be
area.
its
The
residents,
poverty.
Their
attract
foreign
investors.
worse.
tourism
on-year
fueled
nearly
hotels
developers
is,
consisting of thousands of
reparations on 20 hotels,
hospitality sector.
alike.
unregistered
It
and
illegal
or
operational
sheer
size
of
this
Thailand
and
authority,
increase
8
million
this
Chinese
construction
labor
costs
and
coupled
have
are
encouraged
remedied,
the
between
has
remained
three
thousand
that
tourism
and
Thai
ten
Baht
(approximately 80 to 270 US
dollars). This has done little to
disincentivize
further
curb
illegal
will
be
keenly
fast
tracked
processing of documentation
and to provide legal and
policy assistance. The project
is operated privately by The
Chagoury
developer),
Source: www.ekoatlantic.com/media/image-gallery/
in
Africa,
Eko
markets.
while
the
construction
Construction
Corporation
signed
has
deal
recently
with
the
along
the
West
(the
the
projects
Group
one of
The reclaimed land comprises
is incorporating: residential,
commercial,
leisure
Atlantic!
standards.
retail,
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NYU SPS Schack Institute of Real Estate
The Global Deal
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Senior Editors:
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Felipe Kohn (felipekohn@nyu.edu)
Juan Carlos Ramos (jcramos@nyu.edu)