Budapest abandons bid for 2024 Olympics

The Hungarian capital of Budapest has abandoned its bid for the 2024 Summer Olympic Games, leaving only Paris and Los Angeles in the running.

Anger towards the government’s decision to pursue the bid led to a petition asking the government to hold a referendum on the city’s bid. Such a referendum would have been limited to residents of the city.

By February 17th, the petition was submitted with more than a quarter million signatures, which was past the number needed to force a referendum. Anticipating defeat, and recognizing the division in the populace, the government of Budapest announced on Wednesday that they would cancel Budapest’s bid, half a year after fellow candidate city Rome cancelled their own bid.

Many have felt that the Olympics require too large of an economic investment, with the payoff not big enough to compensate, in addition to large-scale corruption.

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