How Paris Spent Less on the 2024 Summer Olympics Than Any Other Host City Since 1960
Paris Olympics spending is expected to come in at under $10 billion, only about 25% over the initial budget. In comparison, Rio was over 350% over budget, and Tokyo was over 280% over budget.
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00:00It's Benzinga, and here's what's on the block.
00:02Paris Olympic spending is expected to come in at under $10 billion, only about 25% over
00:08the initial budget.
00:09In comparison, Rio was over 350% over budget, and Tokyo was over 280% over budget.
00:16A majority of the venues for Paris Olympics already existed prior to the city winning
00:20the bid, with only three new venues built for this summer's event.
00:24Existing infrastructure is the chief advantage for Paris' lower costs compared to recent
00:28host cities.
00:30New construction is a major driver of cost overruns.
00:33Every city hosting the Olympics since 1960 has exceeded their initial budget by a large
00:38margin.
00:39For all things money, visit Benzinga.com.