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II) Second part : Paris and the Olympics

• Paris will host again in 2024, 100 years after its last Games in 1924.

1) The strenghts of Paris

• First, most of the necessary constructions are already present, only the media center, Olympic village, and temporary infrastructures for some sports would need to be built.

• A small budget of 6.8 billion euros, and the risks of seeing the budget increase are low because most of the infrastructures are already built.
• Moreover, wherever you are, you never be more than 400 meters from a metro station. And ad to that, most of infrastructures are at less than 45 min from the village.

2) Opportunities bring by Olympics

• This provide an opportunity to carry out needed renovations in places like the Stade de France and Roland Garros.
• Public transport in Paris is already very dense and well-developed, but already often saturated, so there will be certain lines of transport that will require improvements.
• So this will not just be a 2 week long competition but  the 2024 games will have to leave a lasting effect on its territory
• Indeed, one of the major challenges is the development of northern Paris. In this objective the Olympic Village will be at Saint-Denis, which will leave 3000 homes after the Games.

3) Problems or inconvenients 

• However the latest Olympic Games have shown that the event constantly goes over budget and the public sector is the one to put the necessary funds forward, notably for things like security. Especially for a country like France which undergoes terrorist attacks.
• From a strictly financial standpoint, the Olympic Games are, in the majority of cases, not lucrative in the short and even medium length term.

• Lastly, there is a whole strategy concerning durability and heritage that must be established. Paris will need to show that this will not just be a two week long competition of organized sports but that the 2024 games will leave a balanced and lasting effect on its territory, a message that could either aimed at the youth (like London 2012) or the environment. The urban mark the Olympic Games leaves is also very important. For 2024 it seems likely that a part of the Couronne Nord of Paris will be refurbished, particularly at Saint-Denis, la Courneuve and the Bourget. These are real arguments that can not only be put forward but are becoming increasingly important for the IOC. The IOC wishes for the events organized to be both durable and properly integrated into their environment so as to not leave behind giant infrastructures that become useless soon after the Games, as was the case for Athens in 2004.

The cost of organising Olympic Games is at the heart of each candidacy. Who takes up these charges? What are the positive effects of the Olympic Games on each country?

A large part of the cost is billed to the public sector. The presented budget for the 2024 candidacy is 6, 2 billion Euros. Half of this budget is in theory financed by the Games themselves, by the IOC which finances a portion of the Game's organization and by revenue made through ticket sales and marketing. The remaining 3 billion is split up between territorial collectivities, the city of Paris and the State, but also includes the private sector represented by companies sponsoring and supporting the event.

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