I'm not particularly excited. Giant waste of money to appease a known corrupt organization, that negatively impacts locals (displacing them for temporary construction that is generally not built to last and falls apart within a couple years).
If they just designated a single spot to hold the Olympics every time (different spot for winter/summer) I wouldn't have as much of a problem with it.
There are bigger priorities in the world, bread and circuses don't hold much sway right now. I do feel for the athletes who train for it, but it is frankly not the apocalypse if they don't know who is better at a given sport.