The IOC executive, meeting in Quebec City, communicated the Olympic bids for 2020, after the latest cuts. Outside of Baku and Doha, to host the 2020 Games, the choice will be announced in Buenos Aires on 7 September 2013. And it will be one between Tokyo, Istanbul and Madrid.
And it was precisely on Madrid that important words were spent in the report of the IOC working group on his candidacy. The project presented by the Iberian capital, in fact, is retained very strong and valid, but at the same time the financial situation of the country is causing concern.
Several factors contribute to push Madrid's candidacy: the fact that the government sees the organization of an event as the Olympics as a sustainable way to start a new development and create new jobs, an idea which also enjoys strong public support. Furthermore, the project appears very compact and an excellent percentage of the necessary infrastructures, some assume they are as much as 80%, would already exist, with the obvious risk mitigation that this entails.
Risks that persist, however, if one looks at the country's financial situation. The crisis, as is known, has brought Spain to its knees, making it difficult to build all those offices and infrastructures that are still missing, above all due to the probable lack of any partners willing to bear the cost and to support the budget of the organizing committee.
Madrid's candidacy, which also feeds on the experience of the unsuccessful candidacies in 2012 and 2016, is a strong but lame man who "it presents no problems from an operational point of view", but is weighed down by "Spain's economic prospects" which risk dragging him to the ground.
Read the piece on El Pais: http://ccaa.elpais.com/ccaa/2012/05/23/madrid/1337763698_386677.html
