The City of Boston has just announced that it shall not be pursuing its bid for the Olympic and Paralympic Games in 2024, citing that such a big event may pose consequences to the city’s finances and its people. The city‘s operating cost for the games was estimated to be around $4.6 million while the estimated operating revenue was around $4.8 million.
In a statement, Boston City Mayor Martin J. Walsh said, “I strongly believe that bringing the Olympic Games back to the United States would be good for our country and would have brought long-term benefits to Boston. However, no benefit is so great that it is worth handing over the financial future of our City and our citizens were rightly hesitant to be supportive as a result. We always anticipated having the time to do our due diligence on the guarantees required and a full review of the risk and mitigation package proposed last week. This is a monumental decision that cannot be rushed, even if it means not moving forward with our bid for the 2024 Summer Games.”
Meanwhile, in a statement issued by Boston 2024 Partnership Chairman Steve Pagliuca, he explained, “Today, after consulting with Mayor Walsh and Governor Baker, Boston 2024 and the United States Olympic Committee have made a joint decision to withdraw Boston’s bid to host the 2024 Olympic and Paralympic Games. We continue to believe that hosting the Games would have brought transformational benefits to Boston.”
Moreover, United States Olympic Committee Chief Executive Officer Scott Blackmun also explained, “When we made the decision to bid for the 2024 Olympic Games, one of the guiding principles that we adopted was that we would only submit a bid that we believed could win.
“Notwithstanding the promise of the original vision for the bid, and the soundness of the plan developed under Steve Pagliuca, we have not been able to get a majority of the citizens of Boston to support hosting the 2024 Olympic and Paralympic Games. Therefore, the USOC does not think that the level of support enjoyed by Boston’s bid would allow it to prevail over great bids from Paris, Rome, Hamburg, Budapest or Toronto.”
Moreover, Pagliuca added, “Boston 2024 has expressed confidence that, with more time, they could generate the public support necessary to win the bid and deliver a great Games. They also recognize, however, that we are out of time if the USOC is going to be able to consider a bid from another city. As a result, we have reached a mutual agreement to withdraw Boston’s bid to host the 2024 Olympic and Paralympic Games.”
Back in January, the U.S. Olympic Committee had selected Boston as the American bid to host the 2024 Summer Olympics and Paralympics, according to wbur. In doing so, Boston’s bid managed beat out proposals from other cities including Los Angeles, San Francisco and Washington D.C.
At that time, Massachusetts Governor Charlie Baker had stated, “I look forward to working with Mayor Walsh and the Boston 2024 organization to address the multitude of issues that need to be discussed, including keeping costs down and continuing to press forward on pledges of a privately funded Olympics as the process moves forward before the IOC.”
Meanwhile, as Boston’s bid ends, the USOC remains positive that the U.S. can still host the games when 2024 comes. Blackmun said, “The USOC would very much like to see an American city host the Olympic and Paralympic Games in 2024. We will immediately begin to explore whether we can do so on a basis consistent with our guiding principles, to which we remain firmly committed. We understand the reality of the timeline that is before us.”