Though 2024 is still a bit far away, the bid is already for the next city who will be hosting the next Olympics. With a just six months left before the International Olympic Committee choose the next host, only two cities are left to vie for the position.
As for those who are tuning to news concerning the Olympics, they probably already know that Budapest has already backed out from the bidding. Now, only Los Angeles and Paris are left for the battle for the next host city for the 2024 Olympics.
Previously, bidding for and hosting the Olympic games were considered business opportunities. However, at present, the IOC now faces the burden of costs and certain disappoints surrounding the Olympics.
Some people recognize that the current era is facing major challenges that should be addressed by the Olympic movement.
In relation to this, as it bids for the Olympics, Los Angeles is pitching proposal about some innovations that it want to implement should it host the games.
Meanwhile, a letter from the IOC spokesman, Mark Adams, indicated that the committee realizes the political struggles faced by the world today and the need for the Olympics to make the necessary adjustments.
In the past bidding cycles, most candidates cities backed from the bidding process duet to pressure from people who are against hosting the Olympics or from lack of political support.
With the recent action of Budapest in backing out of the bid for the Games, some speculators think that it is not impossible that the IOC will award the hosting of Olympics to the two remaining contenders.
On the other hand, either of the two cities may be disappointed if any one of them gets turned down from hosting the Olympics as both are major markets for Olympic sports.
The IOC previously faced challenges regarding the games, but their problem now mainly concerns the inflated costs even though they can say that they have plenty of money to go around.
From 1968 to 2012, the money spent for the Olympics had always exceeded the allocated budget by 150%.
With such results, potential host cities realized that hosting the Olympics actually drains them of money.
Meanwhile, some cities, including Krawkow and Hamburg, withdrew from bidding for the 2022 and 2024 Olympics, respectively, due to loss by popular votes, whereas other cities, such as Boston, failed to gain the necessary political support.
Economists argue that people should not think of the Olympic as an investment; it’s just a three-week event that necessitates construction of infrastructures that are considered 50-year investments.
Moreover, just participating in the bidding process already costs cities at least $50 million.
Likewise, others think that awarding the next Olympics to the remaining two bidding cities actually have its benefits.
This action will enable IOC to take a step back and contemplate regarding the bidding process that they should implement for the upcoming Olympics.
Some experts think that the IOC should apply several political ideas and conduct a listening tour to improve its bidding process and to consider other applicable models.
In addition, selecting both Los Angeles and Paris as host cities may decrease the costs for the Olympics through coordination of services.
However, implementing such ideas is not without challenges, for instance, changes may be implemented with regard to chartering the awards to cities simultaneously.
On the other hand, some IOC members and other bidding cities may be against such practices.
However, if the awarding will be conducted for a longer period before the Olympics, danger lies in the changing economy that may pose dangerous risks with just a matter of several years.
In the end, there is still a long way to go before the any decisions can be made regarding the proposed changes in the management of the Olympics and awarding of host cities.
At present, officials from Los Angeles and Paris are more focused on the 2024 Olympics. Yet, the IOC should consider implementing new standards that focus on sustainability.
However, should two cities be awarded as hosts, some problems may still occur. For instance, in 1921, the 1924 Games was awarded to Paris in honor of the then retiring Pierre de Coubertin, but the IOC also awarded the 1928 Olympics to Amsterdam.
This resulted in a protest by Los Angeles, which eventually was selected as host city for the 1932 Games.
Thus, in the end, before the IOC make any decisions, it should consider the possible protests against their actions.