2024
bid cities upbeat on costs as Tokyo struggles
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[December 02, 2016]
By Chris Gallagher
TOKYO (Reuters) - Budapest, Los Angeles
and Paris have expressed confidence in their ability to control
costs as they prepare for the final phase of bidding for the 2024
Summer Olympics, unworried by steep overruns at next host Tokyo.
Top officials from the 2024 candidate cities, visiting Tokyo this
week, told Reuters they were being vigilant on costs from the onset
and were focusing on utilizing existing infrastructure to limit
financial risk.
"It's an important thing to get right at this stage," John Harper,
chief operating officer of Los Angeles 2024, said of the need to
deliver in the bid a reasonable and rigorous budget.
Their preparations come as Tokyo 2020 grapples with spiraling
expenses. Japanese organizers this week said overall costs could run
as much as 2 trillion yen ($18 billion), almost three times initial
estimates.
The International Olympic Committee (IOC) is fretting such a lofty
figure could scare off future bidders, after cities like Rome and
Boston dropped out of the 2024 race, and has called for a sharp
reduction.
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The IOC is keen for cities to embrace its "Agenda 2020" initiative,
which calls for, among other things, creating a more compact Games
and using a high percentage of existing venues to lower costs.
Harper called Los Angeles "Games ready today" and said it would use
only existing facilities, including the UCLA campus for the Olympic
village, or a handful of temporary ones.
"I think that is a huge budget risk that gets taken off the table by
having that in existence today," he said, referring to the Olympic
village plan.
Laszlo Vajda, vice chairman of the Budapest bid team, said the
Hungarian capital would provide a new alternative as a mid-size city
to host the Games after the mega cities of Beijing, London and
Tokyo, noting the compact nature of its plan.
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![](../images/120216pics/sports57.jpg)
The Olympics rings logo is pictured in Lausanne, Switzerland, June
21, 2016. REUTERS/Denis Balibouse
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"We believe because of this proximity, cost in terms of
transportation, infrastructure and urban overlay is much smaller
than would be necessary for a much larger city," he said.
Paris is highlighting its status as a top cultural and tourist
destination with not only sports infrastructure but strong access to
public transport and high hotel capacity already in place.
"The financial impact of the Games in Paris is relatively low
because of all the investment that has already been done in the
past," said Etienne Thobois, chief executive of the Paris bid team.
"We're confident that we can deliver the Games on a reasonable
scale."
IOC members will select the 2024 host at the 130th International
Olympic Committee Session in Lima next September.
(Editing by John O'Brien)
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