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Not the -same- place, yet I would designate one summer & winter locale on each populated continent. Give the Olympics a finite rota.
This shouldn’t really be a concern going forward, the days of hosting the Olympics to showcase to the world unofficially ended with Beijing 08. If they didn’t cost so much, fine, yet the entire world is learning to watch how we spend- no one wants trillion dollar debts over 2.5 weeks of sport.

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