Paying for the Olympics

The group promoting a Boston bid for the 2024 Olympics proposes a financing plan that avoids public funds, outside of security costs from the federal government and transportation improvements already approved and on the drawing board.

Pre-Olympic bidding costs
Initial phase
Competing to be the proposed US city, already raised privately
$11m
Second phase
If selected as US city, to be raised privately
$50m
Olympic planning, construction, and operating costs
OPERATION BUDGET PERCENTAGES BASED ON THE CHICAGO 2016 OLYMPIC BID
Sports venue construction and renovation
Already accounted for $13b in transportation bond bill approved in April. Olympic plans would not alter infrastructure projects in the bond bill, but may require some projects to be accelerated.
Operations budget
Broken down by revenue and expenses. Mouse over the portions to see the categories.
$4-5b
Revenue
Expenses
Public transportation improvements
To be financed by colleges and universities, including some public colleges, with additional money for temporary venues coming from the Olympic operating budget
$13b
Security
Olympics are expected to be designated by the Department of Homeland Security as a National Special Security Event, under federal law. This would place the US Secret Service in charge of security and the US Congress would be expected to authorize money for this end. (Cost is an estimation by experts)
$1-2b

DATA: Boston 2024, The Civic Federation

Mark Arsenault, Chiqui Esteban / Globe Staff