Big risk rejected? As far as I see it (German, but not from Hamburg), the concepts weren't very convincing. E.g. the promise that it would only cost Hamburg 1.2 billion € and that the federal state would pay the remaining 6.8 billion. Which is nice, but they didn't actually manage to get the federal state to agree to that, much less to covering any extra-costs. Or unfinished plans for reuse of the built infrastructure. Add general mistrust against the IOC and you get a result like this, even after a massive pro-olympia advertising campaign.
Yes, honestly, I agree.
Hamburg is my birthplace. Looking at the architectural plans for the olympic village, I must say, I like what I see.
But indeed, professional sports has such a bad image currently. Too much money involved. It is not only doping and the supposed soccer corruption of the fifa. Last year I read the autobiography of the olympic champion Ian Thorpe and it is depressing what can become of a world champion after his active time is over.
There is a lot going wrong with sports these days.