Paris will officially announce its bid for the 2024 Summer Olympics during a meeting next week, reports the Associated Press.
According to the report, promoters of the potential bid will meet Tuesday at the French Olympic Committee headquarters, where leaders are expected to provide more details.
Paris hosted the Summer Olympics in 1924 and lost out to London in bidding for the 2012 Games. The city also lost bids for the 1992 and 2008 Games.
The National Olympic Committee for French Sport has until Sept. 15 to declare Paris’ candidacy for the games. The city moved forward with the bid after receiving final approval from national government earlier this year.
Boston, Rome and Hamburg, Germany, have all declared its interest in hosting the 2024 Games. Budapest and Instanbul are also considering possible bids, along with Baku, Azerbaijan, and Doha, Qatar. A final decision will be made by the International Olympic Committee in 2017.
Paris deputy mayor in charge of sports, Jean-Francois Martins, has said it could cost $4.5 billion for infrastructure and another $4.8 billion in operational costs to host the 2024 Games.
Martins also said that the city would not bid on the 2028 Summer Games if the city loses out on 2024.
- Scooby Axson