A new opportunity to host the Olympic games in America, has appeared. On Wednesday September 16th, the International Olympic Committee announced the five finalists to host the 2024 Summer Olympic games and Los Angeles, stands out from the list.
If selected, it would be the first time in 19 years that the U.S. hosts the Summer Olympic games and 13 years since the last Salt Lake City, Winter Games. However, L.A. has a tough competition against Paris, Hamburg, Budapest and Rome.
The process leading to the election of the host city for the 2024 Summer Olympic games began this year, and it is divided into three phases:
The International Olympic Committee, introduced in December 2014, the Invitation Phase, where NOCs are invited to declare their interest in bidding to the IOC.
During this phase, the Applicant Cities answered a questionnaire prepared by the IOC. A group of experts evaluated the answers, after which the IOC Executive Board chose the official “candidates” from among the Applicant Cities.
At this phase, Rome, Budapest, Paris, Hamburg and L.A. must submit a file in response to a second questionnaire from the IOC. This covers a wide range of topics, including the Olympic village, transport, security, accommodation, sports and venues, the environment and marketing.
The five finalists will now have two years to put together their plans, as the 2024 Olympic host will be determined at the 130th International Olympic Committee IOC Session in Lima, Peru in September 2017.
The International Olympic Committee announced it will contribute $1.7 billion to help cover the winning candidate’s expenses. An interesting increase if we consider that the 2016 Rio de Janeiro, organizers will receive $1.5 billon.
According to Los Angeles Times, “LA 2024 bid leaders have proposed a budget that, with more than $1.7 billion in private sector involvement, would exceed $6 billion.” Of course, aiming to generate a surplus through television, sponsorship and ticket revenues.
Los Angeles hosted the Olympic Games in both 1932 and 1984. Paris hosted in 1900 and 1924, and Rome hosted in 1960. Neither Budapest nor Hamburg have ever hosted the Olympic Games.
Nonetheless, if Los Angeles really wants to host the 2024 Summer Olympic Games it will have to make a great effort and be very accurate on its actions because all of the finalists boast qualities that make them excellent and attractive options.