This week should have been a time of pure celebration for the three cities campaigning to host the 2024 Summer Olympics. Bid leaders from Los Angeles, Paris and Budapest, Hungary, submitted their final documents to International Olympic Committee headquarters, culminating months of painstaking work. And Budapest 2024 leaders declined to release the specifics of their bid, waiting as a Hungarian political organization collects signatures for a possible referendum on the issue. “We are certain the merits of our bid are outstanding,” said Casey Wasserman, chairman of the private LA 2024 committee. L.A. bid leaders have projected they could stage the Games for $5.3 billion with no major structures to build.

Source: Los Angeles Times February 04, 2017 01:30 UTC