From the Wiki on the '88 Games:
IOW, a successful event by all measures. Atlanta is likely the only Summer Games to turn a profit, though, given the many boondoggles that have occurred around that event (Montreal, anyone?). Beijing may have, but we'll never know for sure given how that country operates and, as I said, it was never China's goal to turn a profit. It was a PR event for them.
As I said, though, it is a rare thing and no government should go into an Olympic or Pan-am scale event claiming they will profit.
Well, what can I say? Good for Calgary. So, out of the many Olympic games there have been two that have succeeded. Brilliant. Doesn't help me get past the $2.5 billion that we are currently wasting on TO2015. To me, my current signature here at Wondercafe2 says it all.