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Olympics

Paris 2024 Bid Leaders To Submit $7B Financial Plan To IOC In October

On Oct. 7, Paris 2024 Olympic bid leaders will “present its second financial plan to the IOC concerning the governance and financing” of the Games, estimated at €6.2B ($7B), should the bid win, according to Sandrine Lefèvre of LE PARISIEN. On Sept. 27, the Paris Council is expected to “commit up to” €145M ($162M). That money would be used to “renovate or build infrastructure owned by the city.” The Bercy Arena will get €30M ($33.5M), the Marville pool will get €12.5M ($14M), €25M ($28M) will go toward training centers and €21M ($23.5M) will be allocated for the future aquatic center in Saint-Denis. Paris Sports Head Jean-François Martins said, “These are formal commitments that we will do if Paris gets the Games. We are committed to €145 million, which, over seven years, is reasonable. The Olympic Games will not raise Parisians’ taxes.” According to sources, France PM Manuel Valls is “expected to announce” the government will put €1B ($1.12B) on the table. The check will finance the “transformation of a part of the Seine-Saint-Denis” (LE PARISIEN, 9/19).

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