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Olympics

IOC President Thomas Bach Wants Repeat Olympic Bidders To Pay Less

IOC President Thomas Bach said that cities bidding for the Olympic Games for a second consecutive time "should not have to start from scratch and can pay less than first-timers," according to Karolos Grohmann of REUTERS. Attempting to "attract future hosts to its prime event," Bach said that approval of Olympic venues would "also be easier if cities had already held specific major sporting events." He said, "We cannot expect from bidders, some of whom may be bidding for the second time, to start the whole process from scratch. We have to reduce the planning costs there." Budapest pulled out of bidding for the 2024 Olympics in February. In past years, "an increasing number of cities -- the majority of them from Europe -- have opted to withdraw." Bach: "Europe is the core continent of the Olympic movement. It would not be wise to ignore that. The (bid) process, as it is now, creates too many losers." He also announced a "more streamlined approval of potential venues for the Games" (REUTERS, 3/3).

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