Will EUR 9 billion investment in 2024 Paris Olympics pay off?

The 2024 Paris Olympic Games are set to begin on July 26th, but France faces a staggering bill of nearly 9 billion euros ($9.5 billion) for hosting the event. The debate surrounding the true financial impact is ongoing, with uncertainties about additional expenses like security and potential cost overruns.

Despite the financial burden, the French government aims to minimize public spending by securing funding from private sources, including the International Olympic Committee, private sponsorships, and ticket sales. However, the final bill could exceed 9 billion euros, raising concerns compared to Tokyo’s $12.9 billion price tag.

While some anticipate long-term economic benefits, skeptics argue that massive investments in infrastructure may not guarantee lasting prosperity. The Governor of the Bank of France acknowledges the Games’ potential for enhancing France’s global image, attracting new investments.

As sectors like construction and tourism experience boosts, the true financial impact of the Paris 2024 Olympics remains uncertain. France is taking a multibillion-euro gamble, hoping the prestige of hosting the Games will lead to lasting economic prosperity.