Regarding the article “Olympics bid focus shifting from Fish” (Page A1, April 11): The focus should indeed shift, from the personalities involved to the inevitable cost overruns.
John Fish, Steve Pagliuca, and other supporters and advisers named in a January article, such as Robert Kraft and Robert Reynolds, are all very wealthy men. They didn’t get that way making bad investments. If there were even the slightest chance that the 2024 Olympics would make an actual profit, I’m sure these smart investors would have no problem financing the Games. If the games were likely to break even, they could finance it themselves out of a sense of civic pride.
But they must know that no modern Olympics has come in under budget, and that, since 1960, the average cost overrun, in real terms, for the Olympics has been 179 percent. There is no chance that they will assume the financial risk involved. Instead, it seems they would be willing to leave the taxpayers of Boston and Massachusetts on the hook for the overruns.
If, as they say, they want to transform the city in positive ways to create a grand and glorious future for Boston and the region, let them pool their considerable resources and guarantee payment from their own accounts. They do not have to pledge their lives or their sacred honor, but they can certainly pledge their fortunes.