At the end of September, the report of the French Court of Auditors on the 2024 Paris Games made it transparent that the public sector had to bear one-off organisational costs of around €2.7 billion for the 30-day games. Security spending had risen from €0.2 billion to €1.7 billion, making it the largest item. – At the same time, the Organising Committee of the Games (COJOP) celebrated a surplus of EUR 75 million. The security costs were not recorded there.
The Hamburg bid for the 2024 Games assumed a security cost of just over €0.46 billion. Hamburg, too, would have had to bear additional costs of 1.3 billion euros. Excluding the federal share, Senator Tschentscher had planned a deficit of 1.2 billion euros in the Hamburg budget. It would have become 2.5 billion and 1.3 billion euros more than planned.
NOlympia Press Spokesman Eckart Maudrich says:
‘Eleven years after the referendum on the Olympics, it is clear: The decision saved the hamburgers from a financial disaster. The cost of security alone at the 2024 Paris Summer Games was many times higher than what was planned in the Hamburg bid. More crosses in ‘Yes’ would have burdened every voter with an additional €1,000 today. And not even the cost explosions during construction are included. The Elbtower is an example of how Hamburg fails in major projects. The Hamburgers call the building ironically short Olaf and it is a symbol of gigantomany, false friends and the resulting legacy. The costs incurred in Paris for security correspond to seven unfinished Elbtowers. Olympia is too big for Hamburg and economically too irrelevant for the federal government. Olympia does not solve problems, it creates new ones.”
The entire PM with notes and figures is available as a PDF download here (3.8 MB).
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