As Paris gears up to host the 2024 Olympic and Paralympic Games, economists are casting doubt on the financial sustainability of the esteemed event. The International Olympic Committee is striving to take a more cost-effective and environmentally conscious approach after years of exorbitant costs, long-term debts, and various socio-economic repercussions faced by previous host cities.

Social media users shared contrasting views. One commenter from Park City lauded the enduring benefits of hosting the Olympics, citing improved infrastructure and uplifted livelihoods, while another pointed out that cities with existing facilities, like Salt Lake City, often fare better financially. However, concerns about skyrocketing security costs and potential overspending on temporary venues remain prevalent.

Rio, a past host city, faced significant challenges post-Olympics, prompting skepticism from some online users about the economic viability of hosting the games. Others argued that cities with established infrastructure, such as those in the U.S., stand to benefit more from hosting. Despite the economic gains reaped by some, dissenting voices raised questions about the overall financial sustainability and long-term impacts of hosting the Olympics.

As the debate continues, the quest for a more feasible and sustainable Olympic model persists. The exorbitant costs, sheer scale, and logistical challenges of accommodating a growing number of events and athletes have economists and experts reevaluating the traditional framework of the Games.

The road ahead for Paris 2024 will undoubtedly be marked by efforts to strike a balance between showcasing sporting excellence and ensuring financial prudence. As the spotlight shifts to Paris, the world waits in anticipation to witness whether the city of lights can navigate the complex terrain of hosting the Olympics while mitigating the economic risks associated with the grand event.