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Venezuela

White Elephants Around The World, A Video Tour

Torre de David in Caracas, Venezuela
Torre de David in Caracas, Venezuela
Anne Sophie Goninet

Brazil struggled to complete the sporting venues needed for the Olympic Games, in Rio de Janeiro. But what about the brand new stadiums that were built especially for the FIFA World Cup, just two years ago? Although they cost billions, most of these stadiums now have a very low occupancy rate: The Arena Pantanal only hosted 47 matches in two years.

In retrospect, the South American giant may have taken on too much by hosting the back-to-back mega events. But it isn't the only country with high-cost buildings that look more like a burden than a monument to innovation and efficiency.

Huge towers, stadiums, hotels, artificial islands or even entire cities ... Big construction projects start with high expectations but end in disappointment, with an empty and sometimes half-complete structure. Here are five examples of these so-called "white elephants" from all around the world:

Take 5 — White Elephants Around The Worldpar Worldcrunch

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A snowy photograph of Santa Claus’ cabin in Rovaniemi, Finland.

Airbnb is giving away three nights at Santa Claus’ cabin in Rovaniemi, Finland, to one family (up to two adults and two children) who will also be able to give a hand at Santa’s post office.

Anne-Sophie Goninet, Bertrand Hauger and Valeria Berghinz

👋 Сайн уу*

Welcome to Tuesday, where the Israeli army intensifies its offensive on southern Gaza as the UN warns there is no “safe” place left for Palestinian refugees there, Ukraine’s President Volodomyr Zelensky is set to address U.S. senators to plead for more funding and gold has never been this expensive. Meanwhile, Frédéric Schaeffer, in French business daily Les Echos, reports from China on Starbucks’s hefty ambitions for the country’s burgeoning coffee market.

[*Sain uu - Mongolian]

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