POSTED: June 2nd 2016

Paris 2024 Economic Impact Study unveiled and bid aims to produce White Paper

The Eiffel Tower lit up for UEFA EURO 2016 @ Ville de Paris
The Eiffel Tower lit up for UEFA EURO 2016 @ Ville de Paris

MARISSA FLANDERS (USA) / Sports Features Communications

(SFC) The Paris 2024 Olympic and Paralympic Games could create over 250,000 jobs in the Ile-de-France region and generate approximately 11.9 billion USD (10.7 billion euros) in economic benefits. The estimated numbers were revealed through an economic impact study that was conducted by the Centre for Law and Economics of Sport (CDES) at the University of Limoges.

Paris 2024 Co-Chairman, Bernard Lapasset stated, "As we continue to develop our bid for the Paris 2024 Olympic and Paralympic Games, the results of this study are very encouraging. Beyond the wonderful festival of sport that the Games would bring, there is a real opportunity for the whole of France to benefit from an economic point of view but also in terms of a lasting social legacy for all of our citizens."

After the report was published, Paris 2024, along with the City of Paris; the Ile-de-France region; and the French National Olympic and Paralympic Committees set out to produce a White Paper. The White Paper will lay out legacy goals that are associated with the Olympic Games and develop a plan that will be focused on maximizing societal benefits for only Paris 2024, but the whole nation.

Working groups made up of individuals from the financial industry, the state, civil society, and the sports movement will lead the way in the development of a White Paper.

"We welcome today's report on the economic impact of Paris 2024 which shows the huge benefits that hosting the Games can bring for Paris and France. The Olympic and Paralympic Games are a unique opportunity to place sport even more firmly at the heart of our society and to utilize the values of Olympism to contribute to the education of young people," expressed Paris 2024 CEO, Etienne Thobois.

In addition, dedicated polls will be established by Paris 2024 that focus on factors such as non-sporting and sporting infrastructure, redevelopment, and many others. The polls will gauge public opinion on the Games legacy impact.

President of the French NOC, Denis Masseglia concluded, "The Olympic and Paralympic Games can be a great accelerator for development and sport would be a major benefactor in this process, both in terms of infrastructure, facilities and improving quality of life. Our ambition is to harness this unique opportunity to encourage our population to 'think sport and live sport'."

** MARISSA FLANDERS is a graduate of Saint Leo University with a Bachelor's Degree in Sport Business. She has over four years of writing experience and has a real passion for ice hockey following the Pittsburgh Penguins on her blog

Keywords · Paris 2024 · Olympics · Olympic bidding · France

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