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New York

NYC back on map for Olympic Games

A decade ago hope abounded that this summer’s Olympic Games would be held in New York City. Now, the New York Daily News reported that the city’s improved infrastructure over the last 10 years could help propel it to host status for the 2024 or 2026 games.

New stadiums and arenas have risen in Queens, the Bronx, Brooklyn and New Jersey and by then subway extensions on the East Side and Far West Side that improve public transit across the city should be in place. Combined with the large presence of potential corporate sponsors in the region and a resolution to a revenue sharing dispute between the U.S. and International Olympic committees — which reportedly hurt the city’s previous bid — those projects could make the city a front-runner for future games.

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But the News noted that many skeptics who believe Olympic Games are money-losing propositions for cities will push to derail the bid. Further, now that the city has irrefutably bounced back from the September 11th attacks, the public appetite for the Olympics might not be so large. Finally, many of the sites considered for track and aquatics centers, including Pier 40, the Far West Side and Long Island City, are now preparing for different development projects.

Still, it appears likely that starting in 2014 the U.S. Olympic Committee will push for New York to compete with Dallas and Chicago for the country’s bid for the games. The city’s 2012 bid was led in part by Jay Kriegel of the Related Companies. [NYDN]