IBOV 172,496.87 ▲ 0.68% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL5.57▼ 0.32% USD/MXN18.62▼ 0.05% USD/CLP985.93▲ 0.17% USD/COP3,292▲ 0.55% USD/PEN3.41▼ 0.06% USD/ARS1,548▲ 0.15% USD/UYU40.52▲ 3.70% USD/PYG6,174▲ 1.84% USD/BOB11.63▲ 0.92% USD/DOP60.48▲ 0.13% USD/CRC446.01▲ 1.66% USD/GTQ7.64▲ 3.18% USD/HNL26.90▲ 0.20% USD/NIO36.62▲ 1.17% USD/VES899.36▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.33% USD/TTD6.72▲ 2.23% EUR/BRL6.18▲ 0.03% BRENT 94.47 ▲ 3.26% WTI 88.50 ▲ 2.86% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.87% GOLD 4,015 ▼ 0.37% SILVER 52.32 ▲ 2.38% SOY 1,226 ▲ 0.14% CORN 445.00 ▼ 0.89% WHEAT 593.50 ▲ 0.13% COFFEE 263.50 ▼ 2.91% SUGAR 18.44 ▲ 1.93% ORANGE JUICE 146.35 ▼ 0.27% COTTON 82.64 ▲ 5.02% COCOA 5,044 ▲ 6.37% BEEF 218.93 ▼ 0.13% CATTLE 333.18 ▲ 0.86% LITHIUM 61.15 ▲ 1.95% PETR4 44.19 ▼ 1.69% VALE3 64.63 ▼ 0.26% ITUB4 42.05 ▲ 2.06% BBDC4 14.64 ▲ 0.69% ABEV3 15.77 ▼ 0.13% BBAS3 17.19 ▲ 0.53% B3SA3 14.84 ▲ 2.49% WEGE3 51.47 ▲ 1.02% PRIO3 61.51 ▲ 2.48% SUZB3 54.43 ▼ 0.06% RENT3 30.76 ▲ 3.26% AZZA3 15.23 ▲ 3.39% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.97 ▲ 4.20% PSSA3 46.38 ▼ 0.62% CVCB3 0.90 ▲ 4.65% POSI3 3.27 ▲ 3.81% SLCE3 17.07 ▼ 0.12% NATU3 5.61 ▲ 1.08% BRKM5 2.95 ▲ 1.03% RANI3 8.53 ▲ 0.95% CSNA3 4.46 ▲ 1.83% IBOV 172,496.87 ▲ 0.68% IPC MEX 71,905.78 ▲ 0.05% MERVAL 2,848,945 — — USD/BRL 5.56 ▼ 0.34% USD/MXN 18.64 ▲ 0.06% USD/CLP 985.56 ▲ 0.14% USD/COP 3,308 ▲ 1.04% USD/PEN 3.41 ▲ 0.01% USD/ARS 1,548 ▲ 0.15% USD/UYU 40.52 ▲ 3.70% USD/PYG 6,174 ▲ 1.84% USD/BOB 11.63 ▲ 0.92% USD/DOP 60.77 ▲ 0.61% USD/CRC 446.01 ▲ 1.66% USD/GTQ 7.64 ▲ 3.18% USD/HNL 26.90 ▲ 0.20% USD/NIO 36.62 ▲ 1.17% USD/VES 899.36 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.33% USD/TTD 6.72 ▲ 2.23% EUR/BRL 6.17 ▼ 0.09% BRENT 94.47 ▲ 3.26% WTI 88.50 ▲ 2.86% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.87% GOLD 4,015 ▼ 0.37% SILVER 52.32 ▲ 2.38% SOY 1,226 ▲ 0.14% CORN 445.00 ▼ 0.89% WHEAT 593.50 ▲ 0.13% COFFEE 263.50 ▼ 2.91% SUGAR 18.44 ▲ 1.93% ORANGE JUICE 146.35 ▼ 0.27% COTTON 82.64 ▲ 5.02% COCOA 5,044 ▲ 6.37% BEEF 218.93 ▼ 0.13% CATTLE 333.18 ▲ 0.86% LITHIUM 61.15 ▲ 1.95% PETR4 44.19 ▼ 1.69% VALE3 64.63 ▼ 0.26% ITUB4 42.05 ▲ 2.06% BBDC4 14.64 ▲ 0.69% ABEV3 15.77 ▼ 0.13% BBAS3 17.19 ▲ 0.53% B3SA3 14.84 ▲ 2.49% WEGE3 51.47 ▲ 1.02% PRIO3 61.51 ▲ 2.48% SUZB3 54.43 ▼ 0.06% RENT3 30.76 ▲ 3.26% AZZA3 15.23 ▲ 3.39% CSAN3 2.81 ▲ 4.85% RAIZ4 0.30 ▼ 98.77% PCAR3 2.57 ▲ 0.39% GMAT3 3.97 ▲ 4.20% PSSA3 46.38 ▼ 0.62% CVCB3 0.90 ▲ 4.65% POSI3 3.27 ▲ 3.81% SLCE3 17.07 ▼ 0.12% NATU3 5.61 ▲ 1.08% BRKM5 2.95 ▲ 1.03% RANI3 8.53 ▲ 0.95% CSNA3 4.46 ▲ 1.83%
since 2009
Wednesday, November 11, 2026

Life & Society Real Estate

No Interest for Rio de Janeiro’s Olympic Park in Barra da Tijuca

By · · 3 min read

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The road for Rio’s post-Olympic plans continues to be rocky as the final day for companies to submit bids to take over management of the immense Olympic Park site in Barra da Tijuca came and went on Wednesday, November 30th.

Brazil, Brazil News, Rio de Janeiro
City officials have been unable to find a company to manage and oversee Olympic Park in Barra da Tijuca, future home of Rock in Rio, photo courtesy of Rio 2016.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

According to local news reports, by Thursday, December 1st, only one company had submitted a bid to manage the facility, Sanerio Construction, who, much to the dismay of city officials, has had several conflicts with the city in the past and is currently under bankruptcy.

With the Rio 2016 Olympics and Paralympics now a distant memory, for the past several months Rio de Janeiro city officials have been frantically searching for suitors to take over management of the 300-acre Olympic Park, which houses a total of nine venues, including three separate Carioca arenas, the Main Press Center, International Broadcast Center, the Future Arena and the Aquatic Stadium.

The last event held at the site, the largest of the Rio 2016 Olympic and Paralympic competition hubs, was the finals of Wheelchair Rugby held on the last day of the 2016 Rio Olympic Paralympic Games on September 18th, 2016. Since then, the city, already in severe financial crisis, has been managing the site using the same contractors who built it, under short-term contracts until a long-term manager could be found.

Brazil, Brazil News, Rio de Janeiro
The Olympic Park manager will be responsible for overseeing the vast 300-acre site, Cavalo Marinho/Wikimedia Creative Commons License.

Even though the city had finally received the Sanerio bid before Wednesday’s deadline, according to reports, the bid was deficient as Sanerio, a company already under bankruptcy protection, had not submitted a required security deposit of R$3.8 million, which would be returned to the company once the contract is signed.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Petrobras to pay shareholders US$2.7 billion”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

City officials have other reasons to remain skeptical as Sanerio Construction is the same company that had laid down the concrete for the BRT Transoeste bus corridor, which opened in 2012. Soon after its opening, the path was littered with bumps and holes, prompting a squabble between Sanerio and Rio Mayor Eduardo Paes. Mayor Paes complained the work was sloppy, while Sanerio blamed city officials for rushing completion of the job in time for the 2012 municipal elections.

An Olympic Park bidding commission has indicated that it has given Sanerio eight days to correct the deficiencies in its bid.

The future Olympic Park manager will oversee and maintain the site for the next 25 years, which, as it was just announced last month, will include next year’s Rock in Rio music festival.

More immediate, though, the company who wins the bid to manage the site will be responsible for transforming and dismantling the many structures used during the Rio 2016 Games. The Carioca arenas, where Olympic basketball, judo, and wrestling events were held, are set to be converted to sports training facilities. The Future Arena, site of the handball competitions, will be demolished and the materials salvaged to be used in the construction of four new municipal schools.

Also, the manager will have to dismantle the Olympic Aquatics Center, site of many historic moments from this past Games including the final competition of American swimmer Michael Phelps, and install the two pools in water parks to be built in underprivileged communities in the city.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Living in or visiting Rio de Janeiro? See this month's events and our Rio de Janeiro city guide with rents, safety and upcoming concerts.

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.