This vote comes just weeks before giving the Paris 2012 Candidature File to the
The guarantees given by the City are significantly higher than the forecasted
costs, as private funding sources will cover a portion of the budget of the Games
including The Main Press Centre, near Stade de Franceģ and The Super Dome, near
Porte de la Chapelle.† The City of Paris is expected to pay 950 million Euros
to host the Games.
An additional 800 million Euros will be dedicated to the refurbishment of the
Batignolles district, in the north-west of Paris, the site chosen to host the
Olympic Village. This sum is to be combined with 300 million Euros dedicated to
the creation of a 10 hectare landscaped park, which will later become the heart
of a new Olympic district after the Games.
The Council has also voted to dedicate 25 million Euros to the organization of
the Paralympic Games.
The vote also served as an opportunity for the Mayor, Bertrand DelanoŽ, to remind
the Council that Paris' budget to host the 2012 Olympic Games will be reasonable
and carefully managed.
These strong financial guarantees support the candidacy file that Paris 2012
must submit to the International Olympic Committee in Lausanne, November 15.