Rome has pulled the plug on the city’s bid to host the 2024 Olympic Games. Rome’s new mayor, Virginia Raggi has decided to oppose the city’s bid to host the Olympics, saying hosting the Summer Games would bury the Italian capital under mountains of debt and tonnes of cement.
The decision represents a blow to the International Olympic Committee, which has already seen Boston and Hamburg abandon their 2024 bids and is struggling to convince potential host cities that it is worth putting on the sporting extravaganza.
Raggi’s decision means only Paris, Los Angeles and Budapest are left in the running to stage the 2024 Games. Rome had also bid to host the 2020 Games, but then-Prime Minister Mario Monti withdrew due to concerns over Italy’s finances.
Brazil spent about $12 billion on the Rio Games last month which proved a sporting success but was spoiled by complaints over budget overruns and infrastructure delays.