Panel Considers A Boston Olympics

February 11, 2014

With the Olympics underway in Sochi, Boston's Olympic commission is talking about the costs involved in hosting the games. The panel is considering whether Boston should bid to bring the Olympics to New England in the summer of 2024.

The meeting focused on budgeting — Olympic sized budgeting.

Barry Nearhos of accounting firm PriceWaterhouseCoopers told the commission it's difficult to predict costs for a potential 2024 Olympics.

“It is so far in the future, to really project what costs are going to be 12 years out," Nearhos said. "I think we struggle with what costs are going to be next year.”

British Consul General Susie Kitchens also made a presentation on the 2012 London Games. She said the budget went up 300 percent from the original estimate, but added she felt it was worth it.

“The main Queen Elizabeth Olympic Park Athletes village is now affordable housing for some 800 families in East London," she said. "The main stadium was downsized and all our stadia are being reused for the good of the communities around them.”

The Boston Olympic Commission was created by the legislature and is scheduled to issue a final report by March 1.

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