The IOC finds its fab five

The International Olympic Committee formally unveiled that five cities would be in contention for the 2024 Summer Games, and announced that the organization would contribute $1.7 billion in cash and services to the organizing committee for the event. Finalists include Budapest, Hamburg, Los Angeles, Paris and Rome. In addition, the IOC announced changes to the Host City Contract to include the freedom of media to report on the Olympic Games as well as the reference to sexual orientation in the non-discrimination clause.

“We are welcoming five outstanding and highly qualified Candidate Cities,” said IOC President Thomas Bach. “Olympic Agenda 2020 has shaped the Candidature Process more as an invitation and the cities have responded by engaging with the IOC through dialogue and cooperation. In the new invitation process the IOC learnt that all the candidates are embracing Olympic Agenda 2020 from their respective vision for the future of their city. Sustainability and legacy are the cornerstones of each candidature.”

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