Boston’s pursuit of Olympic gold has been dying a slow death over the past seven months.
The final nail in the coffin came Monday, when Mayor Marty Walsh refused to sign a taxpayer guarantee as requested by the Unites States Olympic Committee (USOC), which would have taken effect in the event of cost overruns and revenue shortfalls.
As the city’s chief public official, Walsh was right to hold the line, to protect taxpayers and safeguard the future fiscal health and economic growth of the city and region.
But before the Walsh rebuff, Boston 2024 had other big hurdles to overcome. From the beginning, the bid played as a struggle between Boston’s business elite and commoners – the powerful versus powerless, the haves versus have-nots.
The Boston 2024 Olympic committee read as a who’s who of Boston corporate giants and sports celebrities. Those opposed included a collection of concerned residents, city councilors, local politicians and academics.
Boston 2024 and the International Olympic Committee (IOC) saw it necessary to alter and access neighborhoods, institutions and roads to accommodate Olympics venues, athletes and media. Those opposed said not so fast – we live and work here, want to know the true costs and would like to be included in the planning.
And tidbits such as assuring exclusive travel lanes on highways for IOC VIPs, athletes and corporate sponsors, and the high salaries and compensation for Boston 2024 staff and consultants, only added fuel to the haves versus have-nots narrative.
In the end, this narrative and, ultimately, the failed Olympic bid is unfortunate. As executive director of Wheelock College’s Aspire Institute, a social and education innovation center, I’ve seen and studied firsthand the many problems that plague Boston, from crumbling schools to endemic homelessness.
While the Boston 2024 bid raised many questions about the priorities of its backers, it also offered a historic opportunity to catalyze new development and transform the city in key ways. Boston 2024 could have been saved with only a bit more vision and a bold statement of commitment to the city – not the Olympics – by backers.
The wrong priorities
The prevailing narrative stems from the perceived sharp contrast between the priorities of the bidding committee and those of Bostonians.
While the former involved building an Olympic stadium, aquatics center, velodrome and an US$800 million deck over Widett Circle, the latter aimed to improve the physical condition of BPS’s 133 aging school facilities, expand early childhood programs, support dual language learners and children with special needs and promote STEM learning and technology-enhanced education.
Boston 2024 revealed slick plans for an Athletes’ Village that would be converted, post-Olympics, to 2,700 dorm beds for the University of Massachusetts’ Boston campus and 8,000 housing units nine years from now.
Yet this wouldn’t address the current housing crisis. Boston leads all of the 25 major US cities in the number of residents living in emergency shelters. Massachusetts also has one of the highest rates of family homelessness of any state in the country.
Further, Transportation for Massachusetts (a local coalition of organizations advocating for new transportation policy and initiatives) and TRIP (a national nonpartisan transportation research group) warned of the state’s huge need to invest in its system of roads, highways, bridges and public transportation in order to support economic growth, ensure safety, protect the environment and enhance residents’ quality of life.
Boston 2024 agreed that transportation enhancements were needed and critical to hosting a successful Olympics. Yet they had no plans to contribute funding to these enhancements.
Could Boston 2024 have been saved?
Whether the critiques of Boston 2024 are fair or not, the casualty of Boston’s derailed bid is the loss of a truly historic opportunity for long-term, large-scale economic and community development.
Plans included development of two new neighborhoods in currently underdeveloped, underinvested areas, as well as the creation of new public spaces and commercial areas. Lost too is the $4 billion in private investment, creation of thousands of jobs and intensified scrutiny of and urgency to improve our outdated transportation infrastructure. I concur with Boston 2024 Chairman Steve Pagliuca that this could have been “the biggest economic development opportunity of our lifetimes.”
What would have saved Boston 2024? What could have countered the anti-bid arguments and sentiments?
One bold move: Boston 2024 and the business leaders behind it should have pledged planning, support and private funding for economic community development in the city, regardless of whether Boston won the bid to host the 2024 Summer Olympics.
Such a pledge would have instantly and powerfully communicated the goodwill, commitment and intent of Boston 2024 leaders to all of Boston and Massachusetts. And this pledge could have had important, reasonable caveats.
For example, in the case of a failed bid, the pledge might be downsized to $2 billion in private investment (half of the current goal), a focus on just residential and commercial development projects and the already committed public capital funding.
Tax breaks and other incentives to developers – as proposed in the Olympic plan – would still lure private investors, and the city would still benefit from the projected tax revenue from new residential and commercial areas. Gone would be the billions in projected Olympic revenues. But the important community development would have gone forward.
Would such a pledge have been a long shot? A huge risk for business leaders? Of course, but so was Boston 2024 all along. Perhaps the risk was not having gone this far, in making this “no matter what” pledge.
As Chairman Pagliuca put it: “The riskiest move of all can be watching an opportunity slip away.”
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