About 10,000 athletes, a record 8.6 million tickets sold and billions of television viewers worldwide: That's the Olympics, and they are set to start on Friday in Paris.
Since the 1960s, every city hosting the Olympics exceeded its initial budget by a large margin, according to an Oxford University study.
Spending at the 2024 Paris Olympics is expected to come in at under $10 billion — only about 25% over the initial budget, according to an S&P Global Ratings report.
About 95% of the venues slated for use during the Paris Olympics existed prior to the city's winning bid to host the Games, according to the S&P Global Ratings report.
Watch the video to learn more about how Paris is poised to pull off one of the cheapest Olympics in modern history.
Organizations:
Oxford University, Aquatics
Locations:
Paris, Rio de Janeiro, Tokyo