Rome 2024 Olympic bid collapses in acrimony

[Eugene]

Source: BBC

Rome 2024 Olympic bid collapses in acrimony

21 September 2016 Europe

Rome is set to drop its bid to host the Olympic Games in 2024, after its anti-establishment mayor said it would be "irresponsible" to be a candidate.

Virginia Raggi of the Five Star movement was elected in June.

Her decision was a blow for the city's Olympic committee which had hoped to change her mind. But officials said she had failed to turn up to a meeting.

Rome last hosted the Games in 1960 and also pulled out of the bidding for the 2020 Olympics for financial reasons.

Boston and Hamburg have already dropped out of the running for the 2024 Games. Germany has not hosted a games since 1972, and Hamburg's decision to pull out was made in a referendum.

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Read more: http://www.bbc.com/news/world-europe-37432928

[vinny9698]

1. Local governments are wising up that it is a very bad financial decision

Every city which has had the Olympics has lost a lot of money. Buildings and facilities are built that have no use after the games are over. Just sit there as eyesores.
The answer is to have a permanent site in Greece. But the IOC will not go with that because of all the bribes they get from cities trying to buy their vote.
http://mashable.com/2016/08/10/abandoned-olympic-venues/#GOe.M1Rlhqq2

[Angleae]

2. Not all cities have lost money hosting the olympics.

Los Angeles (both in 1932 and in 1984), Seoul (1988), and Atlanta (1996) all came out ahead financially.

[JonLP24]

4. I agree 100%

[Yavin4]

3. The Mayor of Rome?!?!

I've never had a mayor look like that.