Boston 2024 to unveil revamped bid

[unhappycamper]

http://www.bostonherald.com/news_opinion/local_coverage/2015/06/boston_2024_to_unveil_revamped_bid



Boston 2024 to unveil revamped bid
Jack Encarnacao
Monday, June 29, 2015

Boston 2024, under pressure to win over a skeptical public, unveils a revamped version of its $4.6 billion bid to host the Summer Games today, revealing specifics the group hopes will disarm critics — who say they will be keenly tuned to every detail to see how taxpayers are protected.

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The group will release the plan — drafted largely at the behest of Gov. Charlie Baker — at 10 a.m. today at the Boston Convention & Exhibition Center. 
Pagliuca and Boston 2024 CEO Richard Davey will then travel to a U.S. Olympic Committee meeting tomorrow in Redwood City, Calif.

Boston 2024 has said public money will not be tapped to build Olympic venues such as a stadium at Widett Circle or an athletes village at Columbia Point, or to operate the games — though they wanted taxpayer-backed bonds for land acquisitions and infrastructure. State tax money would be used for rail and road improvements Boston 2024 argues are either in the pipeline or would be needed with or without the Olympics.

While the city is a signatory to a pact with the USOC that puts taxpayers on the hook for cost overruns, Boston 2024 and Mayor Martin J. Walsh have said an insurance plan will be in place to shield the city.