Boston mayor vows no overspending on 2024 Olympics

BOSTON (Reuters) - Boston Mayor Martin Walsh on Friday vowed that if the city hosts the 2024 Summer Olympics it would avoid the huge public spending overruns that have tainted other Olympics in recent years.

Boston mayor vows no overspending on 2024 Olympics

(Reuters)





"I promise this will be the most open, transparent and inclusive process in Olympic history. I also promise that I will never leave Boston with a large price tag of an unpaid debt," he told a press conference.

Boston was selected on Thursday to be the American candidate to host the 2024 Olympics, the first step in a gruelling marathon to bring the Summer Games back to the United States for the first time since 1996.

Boston, which has never hosted an Olympics, was announced as the surprise pick over two-time host Los Angeles, San Francisco and Washington following a board meeting of the United States Olympic Committee (USOC) in Colorado.

The city, which hosts the world renowned Boston Marathon each year, has estimated that hosting the Olympic games would cost some $9.5 billion (6.26 billion pounds), including $4.5 billion in private funding and $5 billion in regional infrastructure improvements, much of which is already needed.

"We are not going to be using tax payers’ money to be building venues," Walsh said.

Russia set a record when it spent a staggering $51 billion to stage last year's Winter Olympics in Sochi, with the future of many of the venues in doubt. Many other Olympic hosts have seen cost overruns greater than 100 percent.

The group that had been advocating for Boston, Boston 2024, has suggested the large stadiums around the city, including the homes of the New England Patriots football team and Boston Red Sox baseball team, could be used for the games.

Boston 2024 director John Fish told reporters that the city's large presence of universities will also be key to keeping down costs, providing sites for games and possible housing for athletes and tourists.

The group's conceptual plans will be released shortly and will be followed by a series of public meetings. A final plan will be issued to the International Olympic Committee by September, when it will compete against a field that could includes Rome, Paris, Berlin, Doha, Istanbul and others.

The USOC's decision was greeted mainly with enthusiasm by Boston residents and leaders, though a spokesman for the group No Boston Olympics, which formed to oppose the idea, said it worried that pursuing an Olympic bid would divert attention from more important issues.





(Reporting by Richard Valdmanis, Scott Malone, and Ross Kerber; Editing by Ken Wills)


Share

3 min read

Published

Updated

Source: Reuters


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world