BBJ: Mayor refuses financial guarantee for Olympics

BOSTON – Boston Mayor Martin J. Walsh said he will not sign a financial guarantee to cover cost overruns associated with the 2024 Olympic summer games, the Boston Business Journal reported.
According to the article, that was a provision that Olympics organizers have said is required in order to bring the games to Boston.
Mayor Martin J. Walsh said that the bid is over if the International Olympic Committee insists that he makes the guarantee.
“I refuse to mortgage the future of the city away,” Walsh is quoted as saying.

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