The United States Olympic Committee declared that they are bidding to host the 2024 Summer Olympics with Los Angeles, San Francisco, Boston and Washington competing to become the first US Summer games host since Atlanta in 1996.
On Tuesday, the United states became the third country behind Germany and Italy to officially unveil their interest in hosting it, and they would now have to prepare official bid documents to officially launch the process.
“I think 2024 stands as a logical point for the US to come back,” said Paul Swangard, managing director of the Warsaw Sports Marketing Center at the University of Oregon.
“The US remains the most lucrative market for the IOC as it relates to television and much of this is around the business of the Olympics, as it is an attempt to create some economic value for all the nations involved.”
Pilson, who advised the International Olympic Committee (IOC) on US TV rights for the 2010 and 2012 Olympics said that regardless of which city eventually gets the nomination from USOC, he sees the US as clear favourites to clinch hosting rights for the 2024 Summer Olympics
The four cities, Los Angeles, San Francisco, Boston and Washington, will be given a chance to make a case with regards to their ability of accommodating 10,500 athletes competing at a dozen or more venues within a specific time frame.
The cost of hosting the Olympics could approximately be between $9 billion-$10 billion, including the cost of improving existing infrastructures
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