The Paris 2024 Olympic Games have a budget of approximately €8.8 billion ($9.8 billion), including infrastructure and organizational costs. This makes it one of the more cost-effective recent Summer Olympics, especially compared to Tokyo 2020, which cost around $28 billion, and Rio 2016, which cost $24 billion​ (Finance India)​​ (Paris 2024 Olympics)​​ (Le Monde.fr)​.

The Paris 2024 Organizing Committee has an operational budget of €4.38 billion ($4.66 billion), which is entirely funded by private sources such as the International Olympic Committee (IOC), ticket sales, partnerships, and licensing. Additional infrastructure costs, managed by a separate public-private entity called Solideo, amount to €3.7 billion ($3.9 billion), of which €1.6 billion ($1.7 billion) comes from public funds​ (Finance India)​​ (Paris 2024 Olympics)​.

The budget has been adjusted to account for inflation and unexpected expenses, such as cybersecurity and the complex logistics of the opening ceremony on the Seine River, leading to an increase of about €400 million ($444 million)​ (Paris 2024 Olympics)​​ (Le Monde.fr)​.

WHY PARIS ?

Paris was chosen to host the 2024 Olympics for several key reasons:

Historical Significance: Paris has a rich Olympic history, having previously hosted the Games in 1900 and 1924. The centennial of the 1924 Games makes 2024 a symbolic choice.

Strong Bid and Infrastructure: Paris presented a compelling bid with a robust plan to use existing infrastructure and iconic locations, minimizing the need for new construction and ensuring sustainability. Venues include famous landmarks like the Eiffel Tower and the Seine River.

Sustainability Focus: The Paris bid emphasized environmental sustainability, aiming to be the “Greenest Games” in history. Plans include using renewable energy sources, minimizing waste, and promoting eco-friendly transportation options.

Public and Government Support: The bid had strong support from both the French public and government. Surveys indicated high levels of local enthusiasm, and there was a significant political commitment to making the Games successful.

Financial Viability: The Paris 2024 budget is predominantly funded by private sources, ensuring financial stability. The city’s experience in hosting major international events also added to its credibility.

Legacy and Development: Paris plans to use the Olympics as a catalyst for urban development, particularly in the northeastern suburbs, bringing long-term benefits to the city and its residents.

These factors combined to make Paris a strong and attractive candidate for hosting the 2024 Olympic Games​ (Finance India)​​ (Paris 2024 Olympics)​​ (Le Monde.fr)​.

The next Olympics after Paris 2024 will be hosted in Los Angeles in 2028. The LA 2028 Summer Olympics will take place from July 14 to July 30, 2028. This event will mark the third time Los Angeles has hosted the Summer Olympics, following the 1932 and 1984 Games​ (Paris 2024 Olympics)​​ (Wikipedia)​.