(ATR) The failed German bid for Hamburg to host the 2024 Summer Olympics cost an estimated $14.01 million.
The final statement is not yet available, but the total of $14.05 million has emerged from responses by the Hamburg Senate to two requests by the Left Party,a democratic socialist political party in Germany.
The public sector, which includes the German federal government and the city of Hamburg, is responsible for $11.38 million with industry paying for the remaining $2.67 million for the private campaign dubbed "Fire & Flames".
How Hamburg and the federal government will split their costs has not yet been decided. A deal currently under discussion would have Hamburg pay $7.51 million with the federal government shelling out the remaining $3.84 million.
More details of the cost accounting also show that the Olympic referendum, in which Hamburg residents voted against a bid, cost $3.67 million. The second largest expenditure item is the $3.45 million for the Working Group, a joint venture of the companies PROPROJEKT and Albert Speer & Partner. The cost is for their development and preparation of application documents including architectural plans for sports facilities and the Olympic Park.
The personnel costs of the Olympic Bid Committee totals $839,749, $552,788 on temporary staff and an additional $286,961 in assigned employees and officials of the city. In addition, $500,513 was paid out to cover 13.5 municipal jobs over a six-month period to help with the bid.
The six shareholders (the German Olympic Committee, the city of Hamburg, the federal government, the state of Schleswig-Holstein, the city of Kiel and the Hamburg Chamber of Commerce) have decided the settlement of the bid company will take at least a year.
Written by Heinz Peter Kreuzer
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