This chapter delves into the IOC's changes in the Olympic bidding process, focusing on the more private and realistic approach taken, with Paris 2024 as a prime example. It also highlights the sustainable and responsible measures taken by the Paris Olympics organizing committee, emphasizing private sector funding and resourceful use of existing infrastructure.
Ever since the first Olympics were held over a century ago, the Games have been known for dazzling sporting feats…and dazzlingly expensive opening ceremonies. Recently, the ballooning cost of hosting the Games has led residents in Boston, Rome, and Oslo to reject efforts to bring the Olympics to their cities. As a result, the International Olympic Committee is hoping to rein in costs – starting with Paris.
On today’s podcast, host Sarah Holder speaks with Bloomberg reporter Hugo Miller about the lessons Paris 2024 is trying to take from the first and only profitable Olympics held in Los Angeles in 1984 – and why no less than the future of the Games is at stake.
Read more: Faster, Higher — Cheaper? Paris's Budget Effort to Reboot the Olympics
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