Ever since the first Olympics were held over a century ago, the Games have been known for dazzling sporting feats…and dazzlingly expensive opening ceremonies. Recently, the ballooning cost of hosting the Games has led residents in Boston, Rome, and Oslo to reject efforts to bring the Olympics to their cities. As a result, the International Olympic Committee is hoping to rein in costs – starting with Paris.

On today’s podcast, host Sarah Holder speaks with Bloomberg reporter Hugo Miller about the lessons Paris 2024 is trying to take from the first and only profitable Olympics held in Los Angeles in 1984 – and why no less than the future of the Games is at stake.

Read more: Faster, Higher — Cheaper? Paris's Budget Effort to Reboot the Olympics

Ever since the first Olympics were held over a century ago, the Games have been known for dazzling sporting feats…and dazzlingly expensive opening ceremonies. Recently, the ballooning cost of hosting the Games has led residents in Boston, Rome, and Oslo to reject efforts to bring the Olympics to their cities. As a result, the International Olympic Committee is hoping to rein in costs – starting with Paris.
On today’s podcast, host Sarah Holder speaks with Bloomberg reporter Hugo Miller about the lessons Paris 2024 is trying to take from the first and only profitable Olympics held in Los Angeles in 1984 – and why no less than the future of the Games is at stake.
Read more: <a href="https://www.bloomberg.com/news/features/2024-07-12/paris-2024-olympics-slimmed-down-games-as-ioc-reins-in-excess?srnd=pursuits-vp">Faster, Higher — Cheaper? Paris's Budget Effort to Reboot the Olympics</a>

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The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Pulling Off a Rare Olympic Feat in Paris: Turning a Profit

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c279d2d0-f0cb-49f9-b32a-b1ab0103a2c4/transcript

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