How Paris Pulled Off One Of The Cheapest Olympics

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
06:02 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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#ParisOlympics2024
How Paris Pulled Off One Of The Cheapest Olympics

[@wishiknewaname9307]

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.

[@jimaglonzoa.m6368]

That Tokyo games could have wayyy be cheaper if they didn’t built new venues like the new national stadium and aquatic center but instead just renovate the already existing numerous venues in Tokyo. They were doomed from the start to begin with.

[@MithunOnTheNet]

Tokyo Olympics was a $15 billion write-off for the city. Tokyo deserves to host again. COVID wasn't their fault.

[@7415_Gamer]

The Tokyo economy is strong enough to withstand this tremor of loss.

[@primisole123]

@@7415_Gamer not true

[@JoseTwitterFan]

I hope they get 2036 as a make-good.

[@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

[@ronch550]

Not necessarily. Politicians change, government workers change, employees change. I bet there are very few people who get to experience working on the Olympics several times in their lives.

[@KiHToG]

There are 23 previous hosts for the summer games. Having all of the doing a rotation would mean that each city hosts the games roughly every 100 years. After this time all the knowledge is long forgotten and the infrastructure is long gone or had to be renovated several times.

[@nmasolanmasola]

@@KiHToGwe can exclude cities like Rio where their Olympic venues have fallen into disrepair. They clearly weren’t up for the challenge of hosting the Olympics.

[@bluejayryde29]

@@KiHToG It's a good idea to rotate, but it doesn't have to include all 23 previous cities. Evaluations on previously used infrastructure should be done to determine if sports avenues can be cheaply renovated or reused.

[@user-kl8zm8nb9v]

​@@bluejayryde29ウッ　ドピュッ

[@marvinmarcos8424]

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.

[@SYOTOSVLOG]

best of luck to ya lol people will vote with their pockets fyi

[@ap0klypse566]

Chef les jeux ont commencer aujourd'hui arrête de chialer. En mode les 2 semaines de jeu vont abattre le CA de ton resto MDRRR. Surtout que l'impacte touristiques des jeux sur une ville se fait sur l'année N+1 donc arrêtez de regarder le bout de votre nez bande d'aigri

[@titranex]

@@davidr.4454oh encore un bobo parisien, fana d’Hidalgo de sorti

[@BrandonGredner]

Maybe don’t charge 15 euros for a coke

[@ahfei6847]

Did the prices drop when they cut the VAT years ago? I can't remember it did. Not gonna cry on restaurants losing some margin

[@navaris34nich]

I was in Paris for the games and everything was perfect, really. i don't think any city can do better

[@nathanhart19191]

Me too! I’ve been to London 12, Rio 16 - nothing compared to Paris. It was amazing

[@dsd2dsd2]

​@nathanhart19191 ya sure lmao

[@shizukagozen777]

Can't agree more !

[@InXLsisDeo]

I am Parisian. Never been to past Olympics, but as Parisians, we b*tch A LOT about our city, more than anyone else in the world, believe me. We b*tched especially about how the Olympics disrupted the city. And yet I have to say, we have been *very* pleasantly surprised how well it went. So much better than anyone of us thought, so yes it was a success. I don't think any French now is complaining over how it went. The police was everywhere because we really really feared a terrorist attack, but the 45,000 volonteers did a fantastic job and noone got lost. There were almost no queues at the venues, everything went pretty smoothly.

[@DanielLUMEAU]

​@@InXLsisDeo tu as tout dit : on est passé du scepticisme à la communion. Une quinzaine de joie, n'en déplaise aux aigris!

[@bscoggs]

LA is gonna be a nightmare for transportation to events. Lol

[@albear972]

I was around as a very, very young one. during the Los Angeles 84' Olympics. We did spectacularly well back then. And we'll do it again in 4 years. Not a scam in the L.A. Olympics, as all infrastructure is in place.

[@anthonydpearson]

LA has actually been doing wonderful work in recent years upgrading it's transit. They've also invested in a bunch of new light rail lines. It's the sort of investment that's GOOD that the Olympics requires it, because it'll be useful for decades to come.

[@DuffyGabi]

@@albear972 I suppose they’ll have to hide even more homeless than they did for the Superbowl.

[@brokeduece1691]

Traffic is terrible now. It takes 1.5 hours to travel 15 miles now.

[@RandomStuff-zw7uh]

I really don't know how LA can manage this. They might have to divert the crowds into other cities.

[@mounirgherbi3462]

they all downgrade the cost at first to avoid angering the citizens, and then after the games you hear about the true cost

[@SCIFIguy64]

I remember they planned on having dedicated RER trains from CDG to originally be free for spectators before coming back and doubling the original price.

[@ashurasama]

You might be right about the operating costs (as suggested in the video, they probably underestimated security costs). However all the infrastructure was finished on time and accounted for properly. As said in the video, the only permanent facilities built specifically for the Games are the Olympic village (that will be fully inhabited by the end of the year), the new swimming pool in Saint-Denis (a densely populated suburb city that will use it year round), and a new multiusage sports complex near Porte de La Chapelle (that will immediately be used by locals too). The big overspending in previous games were because of infrastructure costs, big projets that weren't necessarily finished on time, and not that useful long term. Paris avoided to undergo this kind of vanity project and that's why they kept the infrastructure cost low. It should be noted that the infrastructure cost does not cover anything regarding transportation networks - the things that opened for the Olympics were in project even before the bid, and winning the bid just accelerated those projects a bit so some of the parts could be finished on time. There's a couple that couldn't be finished this year because Covid slowed construction down a bit, but line 15 will start opening next year, which is quite a bit sooner than the original plan (first segment was planned for 2030 before Paris won the Olympics bid).

[@stanimal8]

@@ashurasama Hopefully, most future Olympics games will be hosted by countries / cities that don't attempt to spend 10's of billions (or more), turning it in into a vanity project, where much of the facilities built sit unused after the games.

[@youtubehandlessuckass]

I think you mean downplay

[@flowerpower8722]

You can tell by the opening ceremony - done during the day, no fancy electronics etc. The ones from the 80s-2000s were elaborate, good for their time, but good on Paris for changing the dynamics. Focus should be on the sports. Airlines and accommodation outlets are the big winners.

[@Fools_Requiem]

Watching the Olympics, you can tell how they managed to save so much money. They didnt build a bunch of permanent stadiums and venues. They turned the city into the venue. All of the locations were either already in place or are well constructed temporary venues. Famous landmarks became arenas. Its amazing. France knows exactly what they're doing.

[@maplemiles3381]

That's not a surprise and it's already successful but people only want to hammer that it's a "failure" because of the opening ceremonies which is a very invalid argument

[@Fools_Requiem]

@maplemiles3381 The opening ceremony is pretty much a massive success. Despite the rain and the lack of a rehearsal, the entire thing went off without any issues. Literally, the only bad thing about it was NBC's awful coverage of it.

[@Josian-ps7fb]

@@Fools_Requiem Ha, ne vous en faites pas: ça ira!🙂

[@buckleyi]

On the contrary, the opening woke ceremony was just the start of probably the worst games in history, cardboard beds, insufficient food, triathlon competitors who ended up ill because of e-coli, male boxers in female competitions and the IOC encouraging it. Nobody wants to watch the olympics anymore. Paris managed to ruin them. Good luck, Los Angeles. No doubt they are planning even more woke games, perhaps they'll make sure men invade all womens competitions

[@user-cv4zb7tg1i]

That's what I'm talking about!!! Use cities that already have current venues and just renovate them.

[@CiaoBello21]

Paris is perfect for hosting the olympics because they already have what some host cities don’t all have: 1) EXISTING Infrastructure. 2) A well connected public transport system. 3) Tourism 4) Money 5) More than 100 years to study other hosts’ failures in hosting the olympics 😂

[@ernestogastelum9123]

even with all those advantages, France cant manage a proper Olympics since many athletes are complaining about everything, heck even one prefered to sleep outside rather than their dorm

[@maxk899]

​@@ernestogastelum9123 They complained about the Olympic village. An important part of the Olympic experience yes but not the hole thing. No complaints about the infrastructure of sporting events, organization of events, transportation.

[@daanwolters3751]

@@maxk899 and they always complain about it, it was a similar story in china and tokyo.

[@zisssssou]

@@ernestogastelum9123 Athletes complained about Olympic Village as they did in Rio, Tokyo, Beijing. So....Why-do-you-lie?

[@Ly7_t]

Well you know what , i prefer something that cost less ând is more intelligent in thé way things are done even though it causes a bit of inconvenience to people. WE re used to some much comfort. There are countries where thé conditions are way worse ând WE have much more comfort than a lot of humans in History. So stop complaining. You sound immature.

[@Malik_Sylvus]

Paris reinvented the Olympics games (in the spirit of the Baron Coubertin) by bringing the games within the city and making the city a huge playground for the games. It was perfect: the organisation, security, competitions, shows,... we saw great athletes in great arenas and stadiums. Happy and joyfull people from all the world were gathered for the sport, and that was the essential and successful AIM of the games. Of course, there will be bitter or jealous people who will say that it was not good, for those there is nothing we can do, as for those who continue to believe that the earth is flat.

[@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.

[@planesandbikes7353]

same as any summer in Paris then

[@MtNikota]

and they work remote, from home. Companies have given orders. Parisian will spend a month working from their living room, so I agree, no metro saturation to fear

[@Cier433]

And it has been sought that many of those who work make a home office

[@khaldrago911]

Bruh, that Argentina soccer game was a farce. No surprise it happened in France, after that Champions League final debacle in Paris! I mean they pepper sprayed poor kids wearing Liverpool jerseys!! 😢 smh.

[@Idonotwantahandle1]

Don't forget the heroic homeless who managed to escape being exported to a concentration camp.

[@RandomStuff-zw7uh]

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.

[@stanimal8]

Hopefully, the 2028 LA Summer Olympics will be even better. The 1984 Summer Olympics turned out awesome and the city actually made money hosting.

[@lh8506]

yes but look at London

[@ctgottapee9020]

Tourism and Olympics are not the same, and they don't co-exist very well either.

[@msch7620]

Athens and Tokyo are touristic hot spots too.

[@stanimal8]

@@ctgottapee9020 While tourism and Olympics are often not the same, unless we're talking about the several hundred thousands tourists traveling to see the Olympics in cities such as London, Paris and hopefully LA.

[@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.

[@ctgottapee9020]

Always fun to hear a European speak of over-dependence on automobiles. LA would give you a stroke.

[@Sacto1654]

@@ctgottapee9020 The streets of Paris were _never_ designed to accommodate automobiles. No wonder overcrowding of the streets were a big problem for many decades.

[@itsyo42]

Not only that, they also transform a lot of 4 lanes streets to 2 lanes and replace the previous lanes with bike lanes and trees. Many people working in Paris had to sell their cars because the traffic is impossible to navigate if commute every day by car to work.

[@KyrilPG]

A "fortune" is a very relative term here. The budget for the Grand Paris Express project is large sure, with about 40 billions, but they get a LOT more for their money than pretty much any other developed English-speaking country. They're building 200 kilometers of new metro lines, with 4 entirely new express lines, 3 extensions to 2 existing metro lines (these extensions are already open). 68 new metro stations on the new lines, and about 15 or 16 on the extensions. Plus about 225 or 250 fancy new fully automated trains. 90% of this ginormous metro expansion is built deep underground, often in terrible soil conditions, with only about 10% that is elevated or at grade. One of the new lines, M15, is a humongous fully deep underground loop line around the core city, that will become the world's longest underground metro line with 75 kilometers, and at the same time the longest continuous passenger carrying tunnel. Plus, in a bit over the last decade and a half, they've developed their tramway network from 2 to 14 lines. Tramway lines that were pretty cheap to build despite having all the bells and whistles, like green tracks, and being built in some extremely dense areas. (Some tramway or LRT lines in the US cost as much as a full fledged underground metro in Paris, even though the Parisian soil is a nightmare to dig through). They've also recently expanded RER line E to the West (the RER is Paris' regional express heavy metro network that has 5 massive lines with branches). The first phase of this Westward extension consists of a deep bored 8 kilometer tunnel under Paris' core and the modern business district of La Défense, and 3 huge new stations with great architecture. Circular tramway line T3a was also recently extended by 7 stations to the West counterclockwise. They're also in the middle of a huge rolling stock renewal campaign. They've ordered more than a thousand trains In a few years, all metro lines will have new or fairly recent trains, at least 4 out of 5 RER lines will have new or recent trains. Same for the Transilien suburban network that has already received 360 NAT trains and 145 Regio 2N trains, while the only tramway line equipped with old stock is currently receiving fancy new trams. So the budgets of the GPE, other expansions and rolling stock renewals may be large, they get a ton for the investment they've made. The same in the US would be in the several hundreds of billions of dollars. So, I'd say they've done a great job managing costs and keeping them low.

[@Sacto1654]

@@KyrilPG Paris Grand Express is an amazing project because they are essentially building what amounts to a loop line around Paris, with a lot of deep underground tunnel boring. The project won't be completed until at least late 2029. Anyway, given the extreme street overcrowding with automobiles and the air pollution that dates before World War II, no wonder they're spending a fortune on all these mass transit extensions. Just getting the cars off the streets allowed them to start building a bicycle lane network, which is going to be extensive by the early 2030's.

[@waltsous8664]

BRAVOOOO a la France pour l'organisation des Jeux Olympique, un succès qui ne laissera pas de dette ou d'échec comme Rio de Janeiro par exemple.

[@Mar-enfrance]

Overall the Paris Olympics were a great sucess, thanks to the unrelenting efforts of all the tireless workers from top to down, the cheerful welcome and the immense feel of fun and pleasure of the Games! Bravo!

[@athrunzala6770]

i was driving trains during the olympics and it was almost like a vacation :p i mean people were smiling. they weren't blocking the doors... it was nice :)

[@priyas5004]

We were in Paris three weeks ago! The Eiffel Tower with the Olympic logo was simply stunning!

[@alvinmah6148]

How’s the pickpockets situation in paris?

[@zaynet83]

@@alvinmah6148 now, that is something to be aware of

[@zaynet83]

@@priyas5004 Lucky 🍀 you. I pray to visit it one day

[@davidbcg286]

@@alvinmah6148she can’t reply her phone was stolen

[@randyfernandez5361]

@@alvinmah6148i went last week of June and didn’t see any weird pick pocketing. Just be mindful to not have your valuables laying around and do not flex or bring any unnecessary attention and you should be good. I stayed in clamart btw which I really liked. 30 min bus from Eiffel Tower

[@SoSo11]

Secret recipe : Have existing sport / transport / housing infrastructure ✅ Privatly funding exceeds largely the public one ✅ 96 % of operating budget is not from public funds Plan carefully how to reuse the newly built infrastructure ✅

[@stanimal8]

Or not so secret. I think LA did just that hosting the 84 Summer Olympics. Of the 30+ sports venues needed, I recall only 2 were new. We'll see if we could do as well for 2028.

[@SoSo11]

@@stanimal8 i hope it will be a great hosting in L.A, as i plan to visit if i m financially able then 😅 I'm in france right now but only attended the JO ceremony on tv 😭😂

[@justmindset]

Rationing food for athletes ✅ Cardboard beds ✅ No AC ✅

[@SoSo11]

@@justmindset definitely not that perfect, i agree with you... Also saw that they deported some students in middle of year to leave their rooms to be used by athletes 😕

[@sentisenti3229]

Or just call it chinese olympic because all key works and goods were outsourced to china😂

[@jefreyjiro6660]

Paris olympics deserves more credit than they get. They pulled off the cheapest olympics ever WITHOUT any problems hosting the games. Sure there might be a little inconvenience for a few athletes but those are far and few in between. The point of the olympics are executing the games and Paris olympics has done so well. I'd rather give a little inconvenience to some athletes to lower the cost of olympics than having my nation go into debt crisis just to save face

[@hwtvi3466]

Well, there _were_ problems. Mainly the food. It wasn’t sufficient enough for the athletes, and when you’re going to compete in physically demanding sports, that is much more than just “a little inconvenience.”

[@athrunzala6770]

@@hwtvi3466 It's a problem that lasted 2 days while they increased the quantities. The lack of food was at the free cafeteria. In the village there was a supermarket where athletes could buy food and they could leave the village to eat in town too.

[@temiigbaroola136]

I disagree with the one permanent host city idea but I think all new infrastructure built by a host city should be sustainable and used for something else after the Olympics

[@frenchthot]

What if its on an island

[@leiajiang7877]

Or there should be a default. Like if no one bids it lands in the default country

[@neurofiedyamato8763]

Easier said than done. Saying it should be sustainable or whatever doesn't do anything if no solutions are actually offered to make it so. A permanent host city IS sustainable. Propose an alternative or it might as well just stay the way it currently is, a financial blackhole for cities.

[@temiigbaroola136]

@@neurofiedyamato8763 what I mean by sustainable is that any new buildings built for the purposes of hosting Olympics will be able to be converted into something else after, for example how Paris is turning the Olympic Village they built into low income/student housing after the games are over. That is sustainable.

[@kholdstare90]

That was the plan for a long time, especially for Rio games. The olympics didn't even end before buildings were abandoned and started decaying. Only real maintenence that went on was draining of the pools to minimise sitting water for mosquitos.

[@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.

[@primewave]

No city bid for 1984. LA only agreed under one condition: to use venues already built instead of building new ones. IOC agreed because there was no other city/option. This allowed LA to make a small profit (~$200 mil) BUT instead sticking to the LA model the IOC went back to demanding more from the host cities which inevitably led back to cost overruns. With little to no cost/risk to the IOC, what is the incentive to change.

[@rebeltheharem7028]

@@primewave And they should do the same for 2028. LA already has all the facilities needed, and we do not need to waste land and money to build new ones. If anything, that money should be used to improve public transportation instead.

[@doujinflip]

​@@rebeltheharem7028That's basically what LA is doing. I hear practically nothing about new venues compared to the LA Metro expansion projects.

[@mangos2888]

Incase you need help with the math, that was 40 years - 10 Olympics - ago

[@lindentree2687]

​@@mangos2888They said every Olympics since the 1960s had went over budget L.A. 1984 made a profit so it wasn't so bad for them. Where does it mention 40 years?

[@CiaoBello21]

Whenever a city builds new stadiums instead of renovating what they already have, they are doomed to go in debt for generations. The Parisians did what others couldnt, renovate. Simplicity at its finest.

[@stanimal8]

Looks like the 2028 LA Summer Olympics will take advantage of the plentiful existing sports venues within the county. Hopefully, we'll actually make money hosting the Olympics as we did in 1984. Plus we have the local population to take advantage of much of the infrastructure investments post Olympics.

[@Zizians]

The only issue might be the transportation network

[@stanimal8]

@@Zizians We'll see if they'll encourage residents to vacation and put their home up for rent for the visitors during the Olympics, and to shift commercial trucking to nights like they did so successfully back in 1984. I was a college student back then, and the traffic was actually much better during the 84 games than normal. Plus today, we have some OK metro rails serving most of the sports venues that didn't exist back in 84.

[@TheVonMatrices]

@@Zizians Just like with all these big events, the locals will leave the city prior to the event and tourists who would normally visit the city will stay away, so congestion will actually be below normal.

[@finiantsl5573]

LA 1984 Olympics is still THE example of "job well done" and profitable games.

[@schloops8473]

@@finiantsl5573 they should be proud of that as I'm proud France kept the budgets low for this

[@geforex28]

We can say whatever we want, these Olympics were a success

[@jimutjayadev]

Joke of the day.

[@msch7620]

@@jimutjayadev There was a loss of interest for the Olympics before the Olympics and they managed to up the viewership by 81%. The sponsors are really happy so, yes, he’s right.

[@paulin1606]

exactly

[@l.d.t.6327]

@@jimutjayadevdon’t talk about yourself all the time.

[@jonathancullis9155]

It certainly pulled off the "cheapest Olympics" look.

[@tinvisions]

sweating on a cardboard "bed" with no AC 💀

[@corsoboyblue3666]

@@tinvisions and a mostly vegan menu

[@laurentderrien]

come on, the ceremony looked cheap, but the rest ?

[@ajudygarlandfan3019]

Also Green transport that is not fit for purpose late and one team was told 45minute journey - actually turned out to be 2 HOURS. They have relocated to a hotel near the venue.

[@tinvisions]

@@ajudygarlandfan3019 Like stress of performing wasn't enough to think about.... I believe it was S Koreans who moved to a hotel. I suppose not everyone has a budget/intelligence to do so.

[@old.not.too.grumpy.]

London's Olympics was all about legacy. You can't put the cost of the new structures just as a cost of the Olympics as all the newly built venues are still in use some 12 years on. The Olympic Park in London was built on an ex industrial waste land that had already been earmarked for regeneration. One of the major overspend was the removal of toxic substances from the land, which would have needed to be spent to make the land usable. Putting the cost purely down to 2012 Olympics is wrong as the planned transformation of the area has worked, turning a one waste land into a vibrant and still growing part of the city.

[@edc1569]

Exactly, it was regeneration of a new are, so many flats were built.

[@old.not.too.grumpy.]

@edc1569 the regeneration using the foundations created for the Olympics is still happening. That why you can't look at the cost of the London Olympics as just those few weeks in 2012

[@ytlurker220]

Same goes for the Sydney Olympic Park

[@old.not.too.grumpy.]

@ytlurker220 👍 Yes, the British went to Sydney to learn how to have a successful Olympics

[@rohanmarkjay]

I was living in London in 2005 and when I heard London won the Olympics for 2012 it I thought Oh god NO. I am sure many people in London at the time did not want the Olympics because of the problems the city was facing regarding old and creaking 100 year old transport infrastructure for a large population not mention millions of tourists. But fair play to the British Olympic Organisation Group they did a good job in 7 years to make 2012 Olympics beneficial to London rather than a burden. By using cleverly using existing infrastructure but building brand new sports stadiums. Like the wonderful Olympic Stadium which has NOT become a white elephant but has become the Wembley Stadium of East London since 2012 hosting American teams and sports and other events. Wembley Stadium itself got an upgrade as old stadium was demolished a lot of it due to the follow up and after London's 2005 bid. While London might have seemed like a mess in 2005 and the last city you wanted to host the Olympics in the 7 years to 2012. London infrastructure in many cases got upgraded and a new tube line and tube stations in East London. A new Cable Car and Monorail systems were launched over the Thames river in East London and were part of London's extensive and world famous and historic Tube network. All this was benefits flowing from 2012 Games. None of this would have happened in London's case if the Games did not go to it in 2012.So in London's case as I am sure it will be in Paris case the Olympic Games was actually a big boon for the city post 2012. The Games also managed to rebuild a once derelict forgotten part of London and made it now a nice part of London to move to. After the Docks closed in late 1970s and throughout the 1980s and then things started to improve for that part of London in the 1990s as the British Govt was looking to develop that part of London post Docks era. London Eye was built around 1993-95. Still derelict but improving leading to 2000 millennium celebrations by Tony Blair's Govt with building of Millennium Dome now O2 arena. However until 2005 things were moving slow in that area of London. This was not the case before 2005. So in London's case the 2012 Olympics was definitely benefited the city. However in 2005 when the bid was launched people wondered if it would end up like what happened to Rio 2016 or Athens 2004. But it didn't a lot of it because the British Olympic Bid was headed by talented people and even former Olympic Gold medalists like Sebastian Coe. Talented people who knew how to get things done and the Brits had a lot of such people working on the 2012 Olympic Games to make sure it did not go the way of what happens to Athens 2004 or Rio 2016.

[@partzrivalcamaya845]

Don’t forget about all the money saved using those cardboard beds 😂

[@MangoMotors]

They could have saved literally a billion dollars by not trying to temporarily make the river swimmable.

[@partzrivalcamaya845]

@@MangoMotors I agree but the money used on that project will benifit them even after the Olympics.

[@antoinelacoste930]

These beds have been used for several Olympics and are very solid

[@partzrivalcamaya845]

@@antoinelacoste930 I believe it only started last Tokyo Olympics(2021).

[@MangoMotors]

@partzrivalcamaya845 I agree. The river cleaning would be a great benefit to the people and the economy... if it was actually a thing. This will likely be a temporary measure. Not only is the river not actual clean currently after all the money that was spent, France is running out of money (like most countries), and the Olympics is turning out to be a financial disaster. So it is a very likely outcome that they will bail on the plans instead of continuing to clean up the river and improving infrastructure to keep it clean.

[@motivationishere3483]

The opening ceremony was actually good, better than expected, i watched the whole 4hr session

[@user-pb4gl5dh4p]

This new way of organizing the Games inaugurated in Paris is very interesting, because until now only countries with solid financial resources could, without risk, organize such a ceremony. However, to specialize two or three sites to organize the games would be very frustrating for emerging countries.

[@KIKO00752]

0:36 Now I know why Greece is in so much debt still today😂😂😂

[@hellochii1675]

I can‘t imagine what Tokyo went through in 2020-2021.😢😢😢😢 7:31

[@chalermako]

Massive build out of hydrogen transport infrasructure.

[@fujin09]

30 million inhabitants, whatever they build can be used by their own people, you never have millions of tourists simultaneously anyway.

[@neurofiedyamato8763]

@@fujin09 If those 30 million inhabitants needed those facilities, they would had already made them. They didn't. So it was excessive and budget better used elsewhere.

[@the_art_of_leisure]

Fun fact. The medals in this olympics are croissants.

[@kiddadd]

Sounds lovely 😊.

[@muhcharona]

@@kiddadd Based on their current reality it will be a Quran.

[@Whatareyoudoingwithyourlife]

Fun Fact. The French Baguette 🥖🥖 Union was upset the French Crissant Union 🥐🥐was picked to make the French Olympic metals. 🇫🇷🇫🇷💙

[@ashurasama]

Fun fact, and true this time : they're actually made from scraps of the Eiffel Tower (maintenance requires replacing some parts once in a while, and the city - owner of the building - decided to recycle the last batch of old parts to make the medals).

[@deepdivedelight]

Lies lies lies it is 20 billions!!! (mayor's office data)

[@egyphon]

It's unrealistic to imagine one city hosting the games every 4 years, the "traveling circus" aspect of the Games is part of its charm, it's why it doesn't ever get boring.

[@regolith1350]

4:04 How is the 2008 Beijing Olympics only 2% over budget when earlier in the video, you showed another chart that showed Beijing had spent $45 billion on a $20 billion budget? That's 125% over budget, not 2%.

[@annenna2354]

Yeah i noticed that too...

[@dongiovanni8899]

This chart is based on real term in local currency🤓.The earlier chart is converted to USD

[@chrischaseling4421]

@@dongiovanni8899 Ratios should still be the same, except for the variance from (real) inflation rates.

[@dongiovanni8899]

@@chrischaseling4421 The exchange rates are different at the time of the budget and the itemised real spending. In 2008 Global Financial Crisis affected USA badly, USD depreciated much against Chinese Yuan🤓

[@jaeyoon1031]

​@@dongiovanni8899what? The ratio has nothing to do with the exchange rates. You're not comparing two currencies like spent $45billion USD but budget is $20billion Yuan.

[@heleencramer3317]

To hold the Olympics always in Paris? Oh YES, please! It can’t ever be greater than the recent games. They were so superb!

[@lastsaint4162]

France is always ahead of the world. Overspending for the events should not be the norm.

[@DavidLimofLimReport]

Brisbane: *hold my beer*

[@hungo7720]

The obvious reason underpinning the underwhelmingly low costs of hosting the Paris Olympics is the existing top-notch infrastructure. As mentioned in the video, there were only three brand new venues being constructed. Additionally, transportation and catering have always been an advantage of Paris.

[@hl954]

"existing top-notch infrastructure" - existing infrastructure , yes, but not top-notch. Most stadiums and the Olympic Village living condition are pretty horrible.

[@danrhone9756]

This Paris Olympic Games is becoming a huge success. That’s why I like to stay focused on 2024 instead of looking forward to 2028. LA should of never ever been awarded another Olympic Games but they are. LA is getting worse with homeless population and it’s getting out of control. Paris has lots of rich history and alot better than California and LA

[@ecoideazventures6417]

Too early to declare it to be the cheapest without even seeing the event happen!

[@Morgan-zf3yz]

No its not this article is reviewing the cost of putting the games on. Not the money lost in the end

[@pitwayable]

They sure did show the cheapest opening ceremony too 😂😂😂

[@loeffelm]

I think it was awesome

[@RicePho]

Cool, I never knew the Olympics were about the ceremony! I'd rather watch the Athlete than some over budget opening ceremony

[@schloops8473]

I'm proud that they spent so little on it. Go France; let the corrupt and dictators spend money they don't have on nonsense.

[@Go4Broke247]

No Ac, so athletes from poorer countries has to endure and suffer! not enough food, food sucks! Lol

[@schloops8473]

@@Go4Broke247 why spread stupîd nonsense?

[@user-pn6ur7zd3m]

Bonjour and Salut from Geraldton Western Australia. Have an awesome two weeks of sports, health and France. Shout out to all the 10thousand + sports womens and men's. God bless 🙌🙏

[@Fenonandrianina]

they pulled it off by appliying most of infrastructure budget on state budget and not on olympics budget. For example: La seine swimming project on Paris and la seine comiteee budget. And they outsourced multiple sports infrastucture of other cities of France like Lyon, Lille, Marseille, Tahiti etc...

[@JuanCadavidGomez]

Tahiti infrastructure: sea waves :)

[@redha6432]

Great video. For the idea of having just a few hosts, we should not forget the national political costs of the Olympic Games. Even if it’s in fact a low budget for France, for example, people feel like it’s still a waste of money + all the disturbances for the cities where there are events. As mentioned, transportation is saturated, there are security zones that make even pedestrian traffic difficult, etc.

[@FGH9G]

What did you expect? This is what happens when you utilize existing infrastructure instead of building brand new facilities that will only get used for a couple weeks and then that's it. It just gets abandoned afterwards. I'm looking at you Rio.

[@Laboy202]

Now I’m worried about Los Angeles 2028. How much over budget or under budget will it be?

[@iMG_Stories]

They should adopt multi Hosting System. Multiple countries should host this big event. Not just one.

[@Game_Hero]

or more simply multiple cities in a country or with close neighbouring countries (like a Benelux edition)

[@taras5534]

By making competitors swim in the drain. 🤣

[@SnowiiAj]

After the rainy day the bacteria on the senna river was so high that they told people to not swim there 😂😂😂

[@therealgrimreaper68]

They did spend a lot in cleaning that river and it's still a drain

[@SnowiiAj]

@@therealgrimreaper68 1.5 bilion euro 😂😂😂😂🤧🤧🤣🤣

[@LadieKadie]

Man shame on France. They’ve gone full third world complete with Antifa !

[@DaDa-ui3sw]

@@SnowiiAj worth every penny

[@neuro.weaver]

If THAT Opening Ceremony is any indication, trust me, it shows! You get what you pay.

[@tieumavu]

it cost 122 millions euros

[@InXLsisDeo]

The opening ceremony was fantastic except for the rain. Sorry you have no taste.

[@nico.rclé]

ah-ah-ah. It was one the of the greatest ceremony ever.

[@person2852]

@InXLsisDeo and you have garbage "taste".

[@juxtapology]

huh? it was ridiculous. boring at best.

[@Jdueuhehicnebjd]

No aircon, 60% veggie foods and uncomfy beds…that’s how lol

[@sizzlacalunji]

That photo of Bolt at 00:17 is something else. That’s just cold…😂

[@RemirezSfesa]

you really dive deep into topics, and i appreciate the depth!

[@shr-p6c]

I suggest a bid for host city can be conducted, but only once in 20-24 years (which would make the procedure grander) with the rest rotating on previous host cities. During this period, one city or it's country would have enough capability to bid for it. The reason I said this is because my country like India who are going on a steady economic rise might have the capability to host after 2 decades similar to Beijing's 2008 Olympics and we already showed interest for hosting.

[@0greeny0001]

After watching that opening ceremony I'm not surprised it's so cheap.

[@Ahoooooooo]

Cardboard beds . No air-conditioning. Cheap opening ceremony. 😂😂

[@paulin1606]

u athelete yourself, self experiment?? no?, so shut up...

[@gorgu08]

London had one of the best legacies, completely transforming whole suburbs if the city with venues that are still being used for both elite and community competitions

[@kma3647]

The last thing we should do is put the Olympics in just one city. What a tremendous loss the culture of the games to not have each host country get to show off its own unique culture and hospitality on the world's stage. Yes, it's expensive. There's a massive barrier to entry, but that can be solved by other means. Imagine if instead, the IOC took it upon itself to establish and maintain a trust from which the selected host city could draw to help with the inherent costs. Imagine if the world invested in the Olympics as a cultural institution which brings us together and promotes peace. The fund wouldn't necessarily to have fund everything. It would have to be the size of Harvard's endowment to do that, or more! But set it up so that a stipend is pulled every four years to help the selected host city. That way, it's not just the biggest, most established cities in the world who could contend, but cities all over the world who'd now have a little financial help with the up-front costs. Democratize it using private means of generating wealth. It works for a lot of American medical schools who are now using that model to fund their work. Why not use it here?

[@kurtwicklund8901]

The problem with your idealistic vision is the fsct the international Olympic organization is just another for-profit sports industry run by people who enrich themselves personally by driving up costs as high as possible. This one has a brilliant marketibg gimmick. It is NOT some democratic international institution under the UN or global treaty. You want to funnel taxpayer money from around the world so a handful of people get richer.

[@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....

[@janejustin1788]

as if French 24 doesn't do the same when reporting about other countries!

[@valerieheath4560]

the paris olympics is a fiasco on multiple levels: paris looks like a prison with all the locked fencing to protect against terrorits. it is neither pretty or tourist friendly. the olympic committee did not include air conditioning in the olympic village so each country brought thousands of individual air conditioners...how is that carbon footprint going to look. rather than spending 1.5 billion euros to improve the lives of parisians and the french, it was spent to clean up the seine. the swimming competitions could have been held in pre-existing swim stadiums. 1.5 billion euros wasted to serve the ego of mayor hidalgoand president macaroni. free public transport was proposed in the initial olympic plan. during the olympics public transport is not free but triple the normal price. this olympics in paris is a complete failure and a joke and horrible treatment of the local residents.

[@fromhigherground4272]

@@janejustin1788the person said, “some medias” they didn’t say anything about which country they were from, they could very well have been French.

[@rubeng3]

@@fromhigherground4272 Tell em.

[@Enisss]

Macron 2nd account

[@---nt5mb]

I think its past time to reduce the size of the olympics. There are certain sports such as golf, tennis and football which do not belong at the olympics as they already have major and more important world events and their athletes already earn a fortune. The olympics should only host the sports with no major world events or less important world events. That might help make the Olympics more affordable to host and less of a nightmare to attend.

[@Demopans5990]

Or change it so the country as a whole hosts the Olympics. Paris hosts the big ticket stuff, and cities like Lyon hosts idk, football or table tennis.

[@lilblackfish2009]

i like how paris had the show outside than a stadium i think everybody showed do this

[@user-gc5gk5yb8g]

There is no need for flashy Olympics. Just get to the games, forget the glam.

[@thiagoXXXmarinho]

I don't understand. In one graph you show the example of Rio with an overrun from 14 to 20b, a few minutes later you present it as an overrun of 350% Which is correct? Or am I making percentage calculations wrong?

[@fredo1070]

So this is why the Paris Olympics has turned into the Willy Wonka Experience ?

[@xshadionytpx7891]

thats an insult to willy wonka the genius chocolate maker

[@schloops8473]

Most beautiful Olympics ever due to how beautiful the architecture and locations are

[@darter9000]

It helps that no one really wanted to host and those who did would only offer, at most, some updated venues and infrastructure.

[@HeavenlyBell]

Why wasn't this a discussion before? Make the city host both the Summer/Winter consecutively.

[@lalapulala]

Oh this one is going to age really well....

[@prolifelatterdaysaint0000]

The openig ceremony was ridiculous

[@Pbatzeris]

In 2012, London paved the way for sustainable architecture. They set the best example of how these facilities should be utilized!

[@stanimal8]

I though that was the 84 LA Summer Olympics. Of the 30+ sports venues needed, only 2 were new, the rest were all just refreshed. All facilities were reused for other purposes after the Olympics.

[@alexrenn2479]

London Olympics cost a whopping FOUR times the original budget. They had the world's biggest McDonald's, so much for sustainability. During he Olympics and right up until now, the masses were enduring austerity and decidng whether to 'heat or eat' so money could have been better spent on the needs of the people. London should never have hosted the games.

[@stanimal8]

@@alexrenn2479 IMO, it's very hard to help the folks that don't really want to be helped. And why do I care about moneys spend on the World's largest McDonald? If they have reasonably high utilization of space they great, if not the store will go the way of the DoDo bird and be replaced with other businesses that might subdivide the space. IMO, London games could have saved significant money by reusing more sparts venues. But at least in a large city like London, they should be able to repurpose these new sport venues.

[@AR-rg2en]

@@alexrenn2479 The London one was my favourite

[@RealUlrichLeland]

​​​​@@alexrenn2479 The games went over budet by 76%, it's shown in the video at 4:06. That being said they still broke even because all the venues were reused, the huge urban redevelopment projects and the boost in tourism. The quality of Britain's athletes has also grown significantly since the London Olympics, we've placed third, second and fourth in the olympic medal league tables in the Olympics since 2012, and a good part of that is the huge boost in spending for sporting infrastructure across the country.

[@tubefan93]

Especially infrastructure should only partly count into the budget. Adding metro lines, a bus terminal or improving the airport in a host city is clearly a long term benefit. On the other hand, Metro lines into the mountains (like Sochi) or giant stadiums without tennants afterwards would be not feasible without the olympics. Only the later should count into the budget. Look at London, they've created a whole new town district in Stratford around the stadium. For me, that is not an 'olympic' budget. And in Paris, they spent 1.4 billion € just to improve water quality on the river Seine. Although it largely didn't work out to keep the river clean for the olympics, it is still an urgently needed improvement for Paris

[@MrNavidad]

A permanent host would be amazing, i think. Also gives the athletes an idea of what type of environment they will be competing in and would be able to train for it.

[@arvindhmani06]

What a fabulous idea. The whole world would unite under this genius plan and follow along like blindfolded sheep.

[@ValentinaLimited]

I think this one is diverse. I like having my country included and hosted at. (Not France)

[@nickfromm5315]

Cardboard beds, no ACs, cut corners everywhere.. It's very Parisian is more ways than one...

[@Freedomcustom]

also food for the athlete village

[@l.d.t.6327]

Cardboard beds were used in Tokyo 2021. So Tokyo is Parisian?

[@robertovillanueva7712]

2:02 - Original Budget $6.97b 2:08 - revised 2024 budget - $9.7b 5:10 - over budget $1.8b?? might need to revised that? missing almost billion?

[@peterfarell7696]

I'm guessing you need to add inflation to estimate the over budget. At least it would make sense.

[@RealUlrichLeland]

The textbook example of an overbudget Olympics was Sochi. Even though it was the winter games that was the most expensive olympics in history, they went 4.5 times over budget and cost over $50 billion.

[@franciscouderq1100]

Corruption has a lot to do with that, I guess

[@fujin09]

i remember an article describing how becuase of corruption a mile of highway build in that period in sochi costed easily 5 - 10 more than an equivalent highway build in (theoretically) much more expensive western europe. And that''s assuming that the quality is similar... and not inferior.

[@l.d.t.6327]

No wonder, this was held under Putins dictatorship and his bojars got too much money organising it, so it all went into their deep pockets.

[@maddenrocks08]

Dam, Beijing and Tokyo got screwed

[@bartocastro3672]

Planning is the key. The host should consider bidding 5 or 6 big events in a span of 10 years. I think Qatar did it well with Football World Cup, Asian Cup, U23 Asian Cup in less of 2 years.

[@rint04]

Clearly Paris got the gold medal for being the cheapest Olympics in 21st century.

[@emikomina]

After the opening ceremony, now I understand why its one of the cheapest olympics, because everything in that opening ceremony was disgustingly cheap.

[@cesruhf2605]

cry all you want and go watch another marvel movie to feed your adhd

[@tieumavu]

122

[@DaDa-ui3sw]

are you a troll or a bot?

[@myksargon909]

According to UK media , hungry British athletes are complaining about raw meat being provided as food and not much else. Thats gotta be a huge saving.

[@mangos2888]

The fyre festival special 😂

[@alainprostbis]

if the Brits complain about food you know that something is wrong...

[@Freedomcustom]

Not just the UK athletes but ALL the athletes are complaining because the food standards or food available is not to standard or adequate to supplement their STRICT dietary requirements i.e all being fed/offered vegan meals...not good when ur an active athlete in a MJAOR competition where u want to be at ur best so pass me that steak...

[@rizon72]

Serving raw meat, or they are substituting 'vegan' meat to the athletes. Some countries are bringing in their own food and chefs. Not to mention what athletes are calling cardboard beds, uncomfortable. Along with this environmental friendly, natural AC which was so touted before the games isn't working. Countries are thinking of importing portable AC units to keep their athletes from getting heat stroke.

[@user-aero68]

Proof that the brits know nothing about food - steak tartare and beef carpaccio 😋are absolutely delicious French and Italian dishes that use raw meat.

[@shmutube]

Yeah, I think picking 3 cities to rotate through for the summer and winter games (total 6 cities) would be a good idea. Or perhaps 1 location from each continent with the continent's counties coming together to for the bill.

[@Divedown_25]

at 4:07, how can Beijing show only 2% over budget cost when in the first chart at 0:40 the Final cost was $45B vs Initialbudget of $20B. That is just iteration of budgets towards the final cost saying that they were close to the target. I think interesting is to see that London intitail budget was $5B with a final cost of $18 and Rio's initial was $14B with filnal of $20B. Paris really shows that Olympic Games shall be in cities already prepared Infrastructure and with smart thinking of usage. Maybe just alternate Olympic games between these cities. London, Paris, Los Angeles, Sydney, Tokyo and Beijng

[@PVLTD]

How? No air-con provided.

[@yohan3353]

It's not a generalized thing for the whole country. In Paris, we'd need it only two months per year... so it's not necessary to cool down every building and generate more pollution that we don't want

[@danielnigel6920]

And cardboard beds etc.

[@josusenco]

This opening ceremony surprised me in a very positive way!!

[@alansmithee3836]

There is a romantic element of having the Olympics in different cities. I hope that continues. Something no body mentions is the gluttony of sports at the Olympics, which requires cities to build more venues than in the past. Cut all the x-games stuff like rock-climbing, break dancing and skateboarding.

[@ctgottapee9020]

Often the x-games stuff is what drives the Olympics. The greco-roman wrestling venue will have plenty of open seats. Possibly evict the skill events like shooting, although they are cheap to hold and sponsor friendly.

[@georgiasmith64]

I'm going to be specifically looking for the breakers(breakdancing competition event)

[@Demopans5990]

Probably host the events as a country instead. LA hosts the taekwondo, SF hosts beach volleyball, and Dallas hosts the shooting

[@Kafei01]

Those x-games stuff you mention are cheap to build, it's not a money pit by anymean compared to massive stadium that are abandonned after the Olympics...

[@deanvm9158]

Most of the events went into the Olympics opening.

[@amcleanrite]

Salt Lake City is only costing us right now, $4 billion. Luckily we've kept and updated our Olympic Venues

[@TheVonMatrices]

Salt Lake City is one of the few winter Olympics host cities that actually makes sense to host such an event, so I'm glad that they were selected. Most of the other winter host cities are either only marginally cold or are so lightly populated that the very specific infrastructure goes unused outside of the Olympics.

[@fnansjy456]

​@TheVonMatrices isn't salt lake city like very hot?

[@vkdrk]

@@fnansjy456 Salt Lake City is close to the mountains with many ski resorts and lots of snow in winter.

[@fnansjy456]

@@vkdrk I see I was confused as Utah has a lot of desert so from far out it seems odd

[@zuldo8577]

Well the lower budget is really visible in the opening ceremony tbh

[@andreadubruel9152]

I'm amazed. As a French person, I hear daily that the Olympics will be a disaster, whereas other countries actually take inspiration from it. Blaming. So French... I guess.

[@TheBandit7613]

I don't agree. I'm in the US and am looking forward to the Paris Olympics. I bet they will be very well done. France can also do winter Olympics.

[@fourniervictor9354]

French people actually document themselves a bit better than this video. The budget was 3.2 billion initially (you can check online yourself), in the video it says the 9.8 annonced is going to be respected... true if you update the planned budget every week, you end up meeting it, but it remains 3 times the cost allocated initially and taken into account for the cost-benefit analysis. All homeless people and students in Paris were forced out of the city. And the organisers are completely out of touch with reality : they planned the triathlon to be swam in the Seine with no backup, so because the Seine is too dirty to be swam in (which everyone except 1 or 2 politicians had anticipated) the current plan is to remove the swimming part of the triathlon ... I mean this is shameful. Sure I am French, I love my country and I hope it works out but I fear this is going to be a complete mess of an Olympics game and French economy is going to take a serious hit. (Mais en vrai on croise les doigts)

[@yohan3353]

​​@@fourniervictor9354ne soyons pas défaitistes, croisons les doigts car ça promet d'être un événement tout simplement incroyable, comme on n'en a jamais vécu à Paris. Concernant les nageurs, Philippe Lucas a largement raison : ils auront au pire 2 boutons sur le c*l mais ils pourront nager. La Seine est propre comparée aux eaux libres dans lesquelles ils vont habituellement nager pour les compétitions. Avant les JO de Barcelone, la plage là bas n'existait pas en ville et était impraticable et bien trop sale pour s'y baigner. Quelle image a-t-on des plages de Barcelone aujourd'hui ? Imbaignables ?

[@msch7620]

@@TheBandit7613It’s already planned. The Winter Olympics will be in the French alps in 2030. They announced it 2 days ago.

[@IRACEMABABU]

@@msch7620 It's not closed. Final decision suspended to the votation of the financial budget, which only can happen next year.

[@MitchRuth]

One You Tube video talks about the Paris Olympics were done on the cheap and the next talks about terrible food and accommodations in the Olympic Village

[@LoyaFrostwind]

It seems that those cities that don't have the infrastructure already in place suffer the most.

[@angelswings7024]

Brisbane wants it's 2032 Olympics to be even cheaper. The athletics stadium will be downgraded to 40,000 capacity (currently with most of the stadium having no shelter at all, exposed to all kinds of weather, rain or sunshine). The smallest stadium since the early 20th century. The main stadium (to be upgraded Lang Park with 52,500) will host ceremonies, rugby sevens 🏉 and football. ⚽ That's the Queensland Labor government for you. Of course , they want the venues to be used well after the Olympics.

[@Peleski]

They'll try and force concerts there even though those spaces have the worst acoustics.

[@chrishan9138]

The true cost was their dignity in the opening ridicule.

[@l.d.t.6327]

It was daring, full of vision, chaotic and thus great, as no country in the world would bring it this way. If you want hamburgers and twerking, go to the USA, if you want propaganda dancing, go to China or North Korea. This was France and they did a very good job with loads of cultural and historical references. Obviously those references flew over many uneducated people’s heads.

[@thiagoaufy4443]

World cup hosts too spend excessively. France is giving the world a "how to host" lesson.

[@22OS89]

In Australia we are hosting the 2032 Brisbane Olympics, and there is no infrastructure which is going to cost us 7.4billion, we cannot decide what to do for our stadium, and just last year we dropped out of hosting the 2026 Commonwealth Games. It'll be nice to have the Olympics back in Australia but it's just going to cost so much or we will end up pulling out completely.

[@user-bx9xu1jp3i]

im kinda glad boston decided to back out it wouldve been nice, to see them as a futuristic city with all that renovation but, that ioc wouldve shafted them

[@Kijlanazer]

Yes they definitely saved money on AC 😂

[@JustinCase99999]

AC is pointless in this temperate climate. I'm glad they didn't use AC. Waste of energy and money, and bad for the environment.

[@juliad368]

@@JustinCase99999 i agree with you but summers in France are no longer temperate unfortunately. the heat has been awful the past 10 years especially in cities. we're talking high 30's to 40s. now i know this is nothing compared to many places on earth but summers in France have become unbearable.

[@danielzhang1916]

they expect the athletes to sleep with no AC, yeah good luck with that

[@stanimal8]

Paris have experienced many 100+F (38C) heat waves over the past decade. IMO, not having A/C for the Olympics Village during the Summer games is nuts.

[@joneslo5572]

​@@JustinCase99999it depends on how hot the temperature are ! 35 to 40 degrees without AC is unbearable !

[@pariketthakkar2687]

They in fact haven't pulled it off successfully, the Seine apparently is unsafe for the triathlon event with apparently 9 times the amount of E. coli that normal. Even if they somehow manage to hold the event its still a bad look.

[@eldonad]

Apparently they had it more or less sorted out, but the heavy rains of the past days made it significantly worse...

[@maplemiles3381]

The have pulled it off and it's a already a success

[@jorgesalazar818]

Lmao. It's honestly hilarious and sad how many haters are on here. It's almost like they don't want things to work out. So much negativity.

[@pariketthakkar2687]

@@jorgesalazar818 it's the reality mate. Have you seen how many issues they've had. They've had issues with the food catering where athletes are making their own food now, the bands are playing the wrong national anthems (south Sudan), the hosts are saying north korea instead of south korea, like this is by far the most unprofessional display I've heard of.

[@msch7620]

@@pariketthakkar2687 some errors are bounds to be made at special events. Nothing is ever perfect. The sporting events have been running really smooth so far and that’s the most important thing.

[@pvtj0cker]

The opening ceramony definately looked cheap.

[@damionkeeling3103]

Couldn't even raise the flag properly, they put it on upside down! Do people not rehearse for these things anymore?

[@ccxi2737]

法国要向全世界宣揚爭議價值觀😈

[@lastsaint4162]

It's the practical thing to do. These complainers are gluttons.

[@lastsaint4162]

​​@@ccxi2737yeah right. They brought art, fashion, food and steel industry to the world. Go play with your gun powder 😂

[@ccxi2737]

@@lastsaint4162 The opening ceremony of the Paris Olympics was a mess, transgender and homosexual people blasphemed Jesus and Christianity, and the Pope even praised the evil deeds, which was unbelievable and aroused public anger! The decadent generation, everyone enjoyed watching the pornographic scenes🤮

[@RUHappyATM]

Anyone watching this after the opening debacle?

[@l.d.t.6327]

Yes, great Olympics!

[@Lelende]

Considering the budget only doubled from 2017 estimates, with how rampant inflation has been in the years since then, that is amazing.

[@TTTrouble]

Anyone else see the "olympic games over budget" chart at 4:05 show Beijing in 2008 was only 2% over budget, something the video never even highlights despite it being pretty relevant to the context of the video. Seems like an editorial oversight to me, and somewhat intentional since it kind of undercuts the premise of the video.

[@DavidGoggins-wk2wp]

Do you trust Chinese numbers they lie about everything from gdp to debt to population

[@edeuss]

In the chart earlier their costs where double than what they thought it would be. So I think it’s just an editing mistake.

[@paiesiiver]

They also completely ignored the 2002 Salt Lake City games...

[@soukaryasamanta8073]

@@paiesiiver Its just the Summer Games

[@sarvagyasrivastava9958]

Exactly this is a way to glorify a disastrous Olympics and hide their failures by saying its all by design

[@Fefotwo-ps6hd]

I'm watching this a few hours after the rail transformers where attacked hours before the opening ceremony. The transportation network as outlined here, has been attacked. Sad but it's our modern world 😢

[@IRACEMABABU]

Attack who totally failed to reach it's goal. The opening ceremony went perfectly well without any delay or security issues. Media love such attacks, it feeds their constant needs of breaking news, but the reality is always different.

[@tonykim5114]

Awesome video, Gracias,! I think the market is over-heated. And I am concerned that people are focusing less on fundamentals and just chanting the mantra of dollar cost averaging and driving the market higher without considering fundamentals. It is a catch-22 for me. I mean I like crypto prices going higher but I also hate buying over-priced market and ETFs. Personally, I have stopped buying growth ETFs- they are ridiculously over-valued. Dividend crypto and ETFs are a little better but they are still over-valued. There is some hope with small and mid caps. I am not sure they are undervalued but at least they are less over-valued..This pattern offers a valuable insight for strategic planning. Despite these trends, i have delve deeply into active trading and managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Haley Eleanor , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@MobelyMobely]

YES!!! That's exactly her name (Haley Eleanor )so many people have recommended highly about her and am just starting with her from South Savo 🇫🇮

[@lebrunkiko]

She is my family' personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@xayotbektolibjonov3147]

The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur.

[@NiraMira-zk9yp]

How can I get in touch with Haley Eleanor? What are her offerings?

[@RevohLigt]

Oh yeah sure, she's active on What's ApK