How Paris Pulled Off One Of The Cheapest Olympics

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Published 2024-07-25
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

All Comments (21)
  • I work in a restaurant in paris and today we drop sales to 20% because there are no tourist as prices of hotels and accomodation skyrocketed high.
  • @zaynet83
    I think it's a good idea to have ALL the previous host cities do the rotation for the Olympics that way all the permanent structures can be reused and the host cities already know what they're doing
  • Imagine being Tokyo in 2020 and COVID came and delayed the games by a year and still people couldn’t travel so you couldn’t make up those costs in revenue.
  • @bobbylong8348
    I don't think metro saturation will be an issue Paris was absolutely empty of locals 3 days before the Olympics, everyone who could leave has left! The only people in Paris right now are tourists and people who have to work.
  • @GRbobkaina
    It's time Paris get some recognition.. the greenest games ever and Money well spend...Can't believe they are getting blamed for being smart when many previous venues have now empty stdium and olympic venues
  • @bscoggs
    LA is gonna be a nightmare for transportation to events. Lol
  • @Sacto1654
    Paris was already spending a fortune improving its transportation infrastructure when they won the bid anyway. Reason: Paris is heavily investing in improving Paris Metro and RER regional rail and building out a tram system to reduce the city's over-dependence on automobiles (a problem that existed in the city even before World War II!). That plus plentiful existing facilities meant the costs was low.
  • @priyas5004
    We were in Paris three weeks ago! The Eiffel Tower with the Olympic logo was simply stunning!
  • @cybertop20
    Some medias went to Paris to only show 2 or 3 bad news daily out of 100 good events happening daily. Sad and petty. Despite many issues, Covid 19, Yellow vests, political issues, french are pulling out a great Olympics event. Can't wait for the opening ceremony tomorrow with over 300 000 people. Great and Good luck for all participants....
  • @TheBleachy
    London may have gone over budget but it’s still the city to match when it comes to the post games legacy. No city has handled the legacy as well as London.
  • @stevenirby5576
    I swear they need to pick a city and have back-to-back Olympics there so everything gets reused 4 years later. Hell, maybe have 3 back to back in the same place. Spread those costs over a decade or 12 years.
  • Paris is already a tourist hot spot, and they have tons of existing stadiums. So... not very surprising that they can handle it reasonably well.
  • @yaohan91
    We should let Japan host one of time consider its not fair for them to invest so much but couldnt welcome all the tourists from around the world. Imagine how lit it will be with all the Anime crowd.
  • @lindentree2687
    What they are saying is not completely accurate. L.A. in 1984 actually made a decent profit on the Olympics. And by its success was able to encourage other city's to play host, as before that time just like today no one wanted to host because of the cost.
  • @blazer9547
    Overspending is a thing with construction projects. Parkinson's law
  • @tonykim5114
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  • @cybhunter007
    4:06, theres a missing data point (ref, "How Big Is Cost Overrun for the Olympics?" Bent Flyvbjerg, 2021-07-14) Montreal's 76 Olympics came in at a whopping 720% Over budget
  • @hellochii1675
    I can‘t imagine what Tokyo went through in 2020-2021.😢😢😢😢 7:31