Lingering Questions Remain About Boston 2024 [View all]

http://bostinno.streetwise.co/2015/08/11/boston-2024-final-report-on-financial-details-costs-of-olympic-bid-yet-to-emerge-what-chicago-new-york-spent/



The former Boston 2024 offices in the Seaport.

Lingering Questions Remain About Boston 2024
Hayden Bird
08/11/15 @10:42am

Boston 2024 is gone from the minds of the public, having melted away swiftly following the decision by the United States Olympic Committee to pull the bid in late July. In the time since, Boston 2024 employees have slowly begun to move on, as the once thriving day-to-day of an Olympic push has subsided. The sunglasses and gear have been given away, while the office supplies will be donated. What remains to be disclosed is what happens to the money Boston 2024 raised.

In its first (and only) quarterly report, Boston 2024 noted that it had raised approximately $14 million since its January 2014 start. Clearly, more was raised in the second quarter of 2015, even as the bid encountered increasing trouble.

Exactly what happens to that money has not been revealed. Of course, it's not even known if the bid will necessarily finish with a surplus. The uncertainty in this instance is created by the fact that there are still outstanding bills and obligations (with other loose ends left to tie up). Also, the bid's infrastructure has already been essentially washed away. Email addresses previously linked to the bid now send automatic replies with a message that includes:

"As of Friday, August 7, 2015 this email address is no longer associated with Boston 2024."

Naturally, there is a portion of the public who will rightfully ask why any of this even matters. After all, the bid (which was privately funded) is now dead.