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US pulls out of bid for 2020 Summer Olympics
Source: Agencies |
August 23, 2011, Tuesday
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Online Edition
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THIS time around, the United States is saying no to the Olympics.
Locked in a dispute over millions of dollars, the US Olympic Committee pulled the plug yesterday on a bid for the 2020 Summer Games before the International Olympic Committee could say no to the Americans, as it has the last two times. The two sides have been at odds over a revenue-sharing agreement for years.
By not submitting a bid, the USOC assures at least a 20-year gap between Olympics on American soil for only the fourth time.
The IOC will award the 2020 Games in 2013. So far, Rome, Tokyo, Madrid and Istanbul, Turkey, say they will bid.
Chicago, New York and Dallas were among the American cities interested in the 2020 games, but any bid was contingent upon a new deal with the IOC.
Recently, negotiations had picked up in an effort to meet a September 1 deadline for countries to submit a city's name for consideration. But with so much money and a long-term commitment at stake, the USOC decided not to rush.
Locked in a dispute over millions of dollars, the US Olympic Committee pulled the plug yesterday on a bid for the 2020 Summer Games before the International Olympic Committee could say no to the Americans, as it has the last two times. The two sides have been at odds over a revenue-sharing agreement for years.
By not submitting a bid, the USOC assures at least a 20-year gap between Olympics on American soil for only the fourth time.
The IOC will award the 2020 Games in 2013. So far, Rome, Tokyo, Madrid and Istanbul, Turkey, say they will bid.
Chicago, New York and Dallas were among the American cities interested in the 2020 games, but any bid was contingent upon a new deal with the IOC.
Recently, negotiations had picked up in an effort to meet a September 1 deadline for countries to submit a city's name for consideration. But with so much money and a long-term commitment at stake, the USOC decided not to rush.
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