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Hamburg 2024 Olympics would cost 11.2 billion euros

Germany
Von unserem dpa-Korrespondenten und Europe Online   auf Facebook posten  Auf Twitter posten  
Hamburg (dpa) - Olympic Games in Hamburg would cost 11.2 billion euros (12.6 billion dollars) if the northern German port city is elected 2024 host, mayor Olaf Scholz said on Thursday.

The governing senate presented its estimate at a news conference ahead of a referendum on the bid scheduled for November 29. The figures cover infrastructure as well as the actual Games budget.

Of the 11.2 billion euros, 7.4 billion would come from the public sector while Hamburg expects to generate 3.8 billion euros from payments by the International Olympic Committee, sponsors, ticket sales and merchandising.

Hamburg plans to develop a part of its harbour into an Olympic Park with key venues and the athletes‘ village. After the Games the area is to house 17,000 people and provide 7,000 jobs, with legacy plans for venues including turning the main indoor arena into a cruise ship terminal.

Pending the outcome of the referendum, Hamburg is competing against Los Angeles, Paris, Rome and Budapest to stage the 2024 Games. The IOC elects the host city at its 2017 session in Lima.

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