United States Withdraws 2020 Olympic Bid

United States Withdraws 2020 Olympic Bid

The United States has pulled its bid for the chance of hosting the 2020 Summer Olympic Games. The U.S. Olympic Committee decided to drop any bid by an American city to host the 2020 Summer Edition of the Olympic Games although the International Olympic Committee hasn’t decided yet. The International Olympic Committee has turned down two recent bids by the United States for the hosting of the 2012 and 2016 Summer Games. The cities of New York, Chicago and Dallas were interested in hosting the 2020 games.

The IOC has a new deal which any bid will have to depend. The deadline for the submission of bids will be on September 1. The IOC has decided to implement a revenue-sharing deal for American cities that will host the games. Success and revenues generated in the past United States’ hosting was superb. New York was a huge favorite to win the bid for hosting the 2012 Summer Games but embarrassingly lost, finishing 4^th out of 5 finalist cities. Chicago also humiliatingly lost 2 years ago in a chance to host the 2016 Summer Games, also finishing 4^th out of 5 cities.

The two losses signify that it’s not only the feasibility and the viability of an American city to stage the Summer Games but more on the relationship between the IOC and the USOC. The next chance for an American city to host will be the 2022 Winter Games yet to be decided where Denver and Reno-Tahoe showed interest in submitting separate Olympic bids. The awarding for the 2020 hosting will be announced by the IOC next year. So far, 4 cities have formally submitted their bids for the 2020 Olympic Games: Rome, Madrid, Tokyo and Istanbul. The last time America hosted the Olympic Games was in 2002 for the Salt Lake City Winter Games and in 1996 for the Atlanta Summer Games.

Posted by Andre Monohan on Wednesday August 24 2011, 2:29 AM EDT. Ref: CNN. All trademarks acknowledged. Filed under Featured News. Comments and Trackbacks closed. Follow responses: RSS 2.0