Has Budapest’s Olympics Ship Sailed? Yes

Budapest residents joined those in Boston, Hamburg, Germany and Rome, Italy in saying no to the 2024 Summer Olympics.


Budapest voters are not going to get the opportunity on whether they want to help fund Budapest’s bid for the 2024 Summer Olympics and go up against Los Angeles and Paris in September in the final Olympics selection. Hungarian politicians and business leaders, who were far more interested in getting the event than the average Budapest resident pulled the plug on the bid. Budapest residents have joined a global movement of saying thanks but no thanks to the International Olympic Committee.

Three of the five cities selected to bid for the 2024 Summer Olympics have told the International Olympic Committee, sorry we are not interested in spending money on your mega event that will put us in a state of financial debt for decades. The decision last September by mayor Virginia Raggi to deny the funding of Rome’s bid was met with the usual bluster from a scorned committee with Rome 2024 claiming that Rome lost an incredible opportunity. Raggi did not want to allocate money for the Games and claimed the city was still paying off debts from the 1960 Rome Olympics.

The International Olympic Committee is unhappy with events in Budapest. It is time to let the barons of the rings in on a little secret. Boston, Rome and Hamburg dropped out of the bidding for the 2024 Summer Games. There were just two cities that wanted the 2022 Winter Olympics, Beijing, China got that. Quebec City has dropped out of the running for the 2026 Winter Games. There has been no real financial report on the 2012 London Summer Olympics. There are allegations that the 2014 Sochi Winter Olympics cost the Russian government $51 billion in US money. Then there are slide shows available from news organizations that show dismal failure, abandoned Olympic venues. Atlanta’s legacy no longer includes the 1996 Olympic Stadium. Its life is over as it will be knocked down. The 1980 Lake Placid Olympic legacy includes turning the Olympic Village into an upstate New York prison. The IOC has some real problems in finding bid cities.

The IOC is finding that getting taxpayers to pay for the group’s big show is getting more difficult.