While the Olympics is one of the biggest sporting events in the world, it comes with a hefty price tag for the cities hosting the games. Since 1960, every Olympics has overspent its budget by building new venues, Olympic villages, and public infrastructure. For the 2024 Paris Summer Olympics, it aims to become one of the cheapest modern Olympics. The total budget for the 2024 Olympics is an estimated $9.7 billion, with 95 percent of the venues needed already built.
Chapters:
01:34 Title card – How Paris pulled off one of the cheapest Olympics
01:37 Chapter 1 – The Paris Olympics
03:56 Chapter 2 – Why some failed
6.02 Chapter 3 – New IOC guidelines
08:00 Chapter 4 – The future of hosting
Producer: Daren Geeter
Animation: Jason Reginato, Emily Rabbideau
Senior Managing Producer: Tala Hadavi
Additional footage: Getty Images, International Olympic Committee
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How Paris Pulled Off One Of The Cheapest Olympics
Author: CNBC
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News post in July 25, 2024, 6:04 pm.
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