Even though Boston would need to fork over $4.6 billion to host the 2024 Olympics, organizers are claiming that the event wouldn't cost taxpayers a cent. Organizers revealed Monday that the games would leave the city with an estimated surplus of $210 million, not to mention an expanded tax base and the creation of both jobs and housing. The latest revelations in Boston's Olympic plans came in response to concerns that the bid withheld information that would properly allow the public to assess whether the project would require taxpayer money.
The most detailed look yet at the submitted proposal suggests that taxpayers would not be losing money from the Games, though concerns are not entirely assuaged. Those opposed to Boston 2024 say that the proposal fails to explain what would happen should the event cost more than expected or if revenues aren't as high as anticipated.
Olympic Committee members will not select the host city until 2017. Paris, Hamburg, and Rome are already in the running, and Budapest is expected to join the race.
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