Why did NYC lose Olympics bid

why did nyc lost 2012 olympics bid

The AI’s point of view is in line with Marc Dunkelman’s:

New York City lost the 2012 Summer Olympics bid to London because the Public Authorities Control Board rejected New York State’s $300 million contribution to the Olympic Stadium project. The rejection eliminated the possibility of completing the project before the International Olympic Committee’s vote.

Explanation

• Political opposition: Many New Yorkers opposed the bid, seeing it as a way for developers to gain control of land.
• Stadium issues: The stadium issue was a symbol of Mayor Michael Bloomberg’s disconnect from average New Yorkers, according to political opponents.
• Cost: Cablevision spent over $30 million on negative advertising and lobbying.

Legacy of the bid

• Despite the loss, the bid led to significant development in New York City, including:
  The rezoning of Hudson Yards, which led to the development of retail, office, housing, and hotels
• The extension of the 7 train west of Times Square
• Affordable housing
• Transit expansions

The bid left a mark on the city’s built environment, particularly in Hunters Point, Williamsburg, Greenpoint, and Hudson Yards.

… some coverage

• wiki
• 2021 NYC2036? How the 2012 Olympics Bid Reshaped New York City
• 2016 How NYC’s Failed 2012 Olympic Bid Shaped the City We Live in Today
• 2009 NYC2012 Olympic bid X plan