Report: Washington D.C. aiming to make bid for 2024 Olympics

Washington D.C. is trying again to host the Olympics. (Leon Neal/Getty Images)

Washington D.C. lost on its bid for the 2012 Olympic Games — which were staged in London — but is re-upping for 2024, aiming to raise $3 to $5 million to bid on the Olympic Games, the Washington Business Journal reports.

Hosting the Olympics would likely cost the city $4 to $6 billion. More from the report:

For the 2024 games, the U.S. Olympic Committee would be making a final decision about which American city to put up for the bid internationally in September 2015. The International Olympic Committee would choose the city for 2024 two years later, in 2017. Right now, the other cities expected to submit competitive bids include Los Angeles, San Francisco, Kansas City, Seattle, Minneapolis, Boston, New York, Philadelphia and Atlanta.

The bid will be a regional one that includes venues in Virginia and Maryland, including those in Baltimore, but the effort will have D.C.'s name on it, rather than the previous tandem effort, according to Sweeney.