Paris and Los Angeles are the only remaining cities bidding to host the 2024 Olympics and Paralympics. Over the race to host, four potential cities have dropped out (Budapest, Rome, Hamburg, and Boston), and finally, we are getting closer to September 13, 2017, when the 2024 Olympic city will be decided.
Recently, the International Olympic Committee (IOC) threw another curveball for the two candidate cities. IOC President Thomas Bach and the IOC Executive Board proposed that it would select the cities for the 2024 and 2028 Olympics at the same time. With this proposal, the 2024 and 2028 Olympics would both be decided on September 13, and they would be either Paris or LA. The Executive Board did not say which city would win each year yet. This proposal must be approved by a vote of IOC members when they meet on July 11 and 12.
Once it decides, the competition between Paris and LA could pick up a lot with both cities still vying for 2024 but knowing that whichever loses will still host the Olympics.
Why is the IOC considering this?
IOC President Thomas Bach said, “The situation of these candidature for 2024, having two such great cities and such great countries, having two candidatures which are really enthusiastic and really promoting the Olympic Games and Olympic Spirit in a great way – this represents a golden opportunity for the Olympic Games and the IOC.”
The IOC might also be concerned with the effects of the huge cost overruns of previous Games scaring future host cities from hosting or bidding. This race, for example, had four cities withdraw due to lack of popular and governmental support. According to a University of Oxford study, the average cost overrun for Summer Games is USD $5.2 billion, and the average cost overrun for Winter Games is USD $3.1 billion (Here’s the link to the study: https://arxiv.org/pdf/1607.04484.pdf). For a city that already proposed a budget in the billions, this can be a very unsettling number.
Here’s a slideshow featuring protests of 2024 bid cities that have withdrawn from the competition.
With its proposal, the IOC is recognizing that Paris and Los Angeles are both excellent candidate cities with great bids, and it’s hoping that by awarding both of them the Olympics, it will alleviate some of the fear of potential bid cities.
Here’s the video of the IOC press conference where this was proposed: https://www.olympic.org/news/awarding-the-olympic-games-2024-and-2028-is-a-golden-opportunity?utm_source=Subscribers&utm_campaign=614f69240c-EMAIL_CAMPAIGN_2017_06_09&utm_medium=email&utm_term=0_93eeeb979f-614f69240c-51649405