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RE: LeoThread 2024-12-17 14:54

in LeoFinance9 days ago

Part 5/8:

In light of the declining interest and rampant spending, the IOC has been forced to rethink its strategy. In the aftermath of protests that saw major cities withdrawing their bids, the IOC began implementing reforms aimed at making it easier for cities to host without incurring crippling debt.

The IOC has encouraged cities to utilize existing facilities and to present bids that reflect a more sustainable model. However, whether this strategy will revitalize interest in hosting the Games is still uncertain. While Paris and Los Angeles have plans that appear financially viable, the long-term impact of these changes remains to be seen.

Proposing a Permanent Host