This summer, Los Angeles officials reached a deal with the International Olympic Committee to host the 2028 Olympic Summer Games.

For its trouble, the city hopes to generate hundreds of millions in savings and additional revenues. However, over the past few decades, world sporting events have come with a huge price tag for their host cities’ residents — especially the poorest ones.

After the medals are awarded and the fireworks die down, the residents are left to deal with the results.

I can still remember watching Dominique Dawes and the U.S. women’s gymnastics team win the first U.S. women’s gold medal in their sport at the Atlanta games in 1996. However, many Atlanta residents better remember the country’s first project housing project, Techwood, and the neighboring Clark Howell complex being destroyed to make way for this gold medal occasion.

The city relocated 6,000 residents from public housing leading up to the Olympics. After the games, rapid gentrification followed, displacing another 24,000 people, the Center on Housing Rights and Evictions calculates.

The pattern replayed itself in Brazil, which hosted the 2014 World Cup. I remember sitting in my apartment cheering on Ghana and laughing while my friends reenacted the soccer team’s dance moves. What we couldn’t see from our television screens were the stark levels of inequality that blighted the host country.