Venue Costs

CONFIDENTIAL INFORMATION
NON-OCOG Budget:
Boston 2024s non-OCOG budget is estimated to be $3.4B, driven by the
development of legacy facilities, both sporting and non-sporting related.
Separate from the non-OCOG budget, the Boston 2024 Games will benefit from
over $5.2B of public transportation infrastructure projects that are currently
underway and are guaranteed by the full faith and credit of the Commonwealth of
Massachusetts. In 2013, the Commonwealth of Massachusetts authorized a bond
bill to fund the 21st Century Transportation Plan The Way Forward which will
invest $13.7B in transportation infrastructure over the next 10 years. All of the
transportation infrastructure upgrade projects required for the Games will fall
under this 21st Century Transportation Plan and Boston 2024 expects that all of
these projects will be fully funded by the Commonwealth through the bond bill.
Venue Infrastructure:
Support from the private sector is the foundation of several key sporting and nonsporting venues. Boston 2024 has worked closely with the local authorities,
business and academic communities to establish partnerships that will support the
Boston 2024 Games and provide tremendous legacy value to their owners and the
broader community. These public-private-partnerships will provide the platform for
the planning and financing of the major venues including the Athletes Village,
Olympic Stadium, IBC/MPC, as well as a number of key sporting venues.
Athletes Village
The Athletes Village will be located on the UMass Boston campus on Boston Harbor
and will be built in collaboration with UMass and private developers. UMass has
legislative approval to build 6,000 beds of student housing over the next three
years. In partnership with Boston 2024 and private developers, an additional 10,500
beds will be built for the Games using high-quality sustainable and transportable
technology. Following the Games, some of the 10,500 additional beds will remain as
workforce housing while many will be converted to market rate housing units by
private developers to meet local housing needs in neighborhoods around the city.
Olympic Stadium
Our team is budgeting for a fully temporary 60,000 seat Olympic Stadium in Boston
Midtown. Working with leading innovators in stadium construction, Boston 2024
has identified financially responsible options that will deliver the full Olympic
experience. Partnering with the city and private developers, Olympic Stadium and
Olympic Boulevard will act as a catalyst for a new and vibrant neighborhood
development with the potential for over 7 million square feet of retail, hotel,
residential and office space and a much needed injection of commuter and
convention parking. After the completion of the Games, the temporary stadium will
be removed and replaced on the stadium footprint with middle income housing to
further support the legacy needs of the City of Boston. Working with Bostons
leading real estate developers, Boston 2024 has devised a financial strategy that
captures increased land values and new tax revenues to finance the cost of land
assemblage and infrastructure upgrades. This strategy is capable of supporting
either the construction of a fully temporary stadium as currently planned, or a
permanent collegiate or professional soccer stadium, which could be expanded
temporarily to 60,000.
IBC/MPC
The IBC/MPC will be located in the South Boston Waterfront area of Boston on land
currently controlled by the Postal Service and MassPort. This location is in the heart
of a burgeoning business and residential district and is adjacent to six venues at the
Boston Convention and Exposition Center. The potential legacy value of this site as
a cluster of media/broadcast facilities for convention use or as a private commercial
enterprise provides strong partnership opportunities with either the BCEC or the
private sector.
Village - UMASS Boston/Columbia Point

Land Cost
Site Prep incl. infrastructure upgrades
Utilities upgrades
Construction
Temp Overlay
Transformation costs
Rental
Total OCOG
Total NON OCOG
GRAND TOTAL
269.0
17.4
21.4
2,052.8
90.0
89.7
2.7
93
2450
2,543.0
Olympic Stadium - Midtown

Land Cost
Site Prep
Utilities upgrades
Construction
Temporary Adaptations (e.g. platform)
Temp Overlay
Rental
Total OCOG
Total NON-OCOG
GRAND TOTAL
85.0
15.0
15.0
366.3
40.0
5.0
5.3
181
350.6
531.6
IBC / MPC - BCEC/South Boston Waterfront

Land Cost
Site Prep
Utilities upgrades
Construction
Temp Overlay
Rental
Total OCOG
Total NON-OCOG
Grand TOTAL
41.7
See
Construction
25.0
398.0
50.5
27.7
78.2
464.7
542.9
Other Venues
A summary of the non-OCOG and OCOG costs for all other venues is detailed in the
table below.
Budget for Other Venues ($M)
SPORT / S
Assume
d
capacity
6,000
$5.0
NonOCOG
($M)
$0.0
5,000
5,000
$6.0
$30.0
$9.6
$30.0
Planned
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Temporary
Temporary
Temporary
15,000
8,000
$10.0
$3.0
$0.0
$0.0
8,000
$8.0
$0.0
8,000
See Judo
See Judo
8,000
$5.0
$0.0
8,000
$8.0
$0.0
5,000
18,500
18,500
$39.8
$45.0
See Aquatics
Tennis (PavilionCenter Court)

Tennis (Pavilion-Court
1)
Temporary
10,000
$40.0
$0.0
$0.0
See
Aquatics
$0.0
Temporary
5,000
Tennis (Pavilion-Court
2)
Temporary
3,000
Tennis (Pavilion-Match
Courts (13))
Temporary
See Tennis
(Pavilion-Center
Court)
See Tennis
(Pavilion-Center
Court)
See Tennis
(Pavilion-Center
Court)
Fencing
Cycling-BMX
Cycling-Track
Volleyball-Indoor
Rhythmic Gymnastics
Judo
Taekwondo
Table Tennis
Wrestling
Water Polo
Aquatics
Diving
TYPE
Existing
(W/Overlay
)
Additional
Additional
OCOG ($M)
$0.0
$0.0
$0.0
SPORT / S
Field Hockey-Main
Pitch
Field Hockey-Second
Pitch
Basketball Regional
Beach Volleyball
Cycling-Road
Cycling- TT
Marathon
Sailing
Badminton
Handball
Prelims
Equestrian Dressage
Modern Pentathlon
Equestrian XC
Football Finals
Rugby
Shooting
Triathlon/Marathon
Swimming
Canoe-Sprint
Rowing
Archery
Basketball (Men's and
Women's Finals)
TYPE
Assume
d
capacity
30,000
$12.0
NonOCOG
($M)
$0.0
5,000
$3.0
$0.0
9,000
See TD Garden
See TD
Garden
16,000
2,000
See
CyclingRoad
2,000
6,500
7,000
$30.0
$5.4
See Cycling-Road
$2.0
$25.0
$4.0
$0.0
$0.0
See
CyclingRoad
$0.0
$0.0
$0.0
10,000
44,500
$5.0
$10.0
$78.5
$0.0
20,000
See Equestrian XC
20,000
$10.0
See
Equestria
n XC
$5.0
60,000
68,000
$40.0
$5.0
$0.0
$0.0
68,000
$5.0
$0.0
7,000
2,500
$40.0
$5.2
$0.0
$0.0
Temporary
Temporary
24,000
24,000
$0.0
$0.0
Temporary
Existing
(W/Overlay
3,000
18,500
$35.0
See Canoe-Sprint
Course
$10.0
$3.0
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Temporary
Temporary
Temporary
Temporary
Temporary
Existing
(W/Overlay
)
Planned
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Temporary
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Temporary
Temporary
OCOG ($M)
$0.0
$0.0
SPORT / S
TYPE
Assume
d
capacity
OCOG ($M)
NonOCOG
($M)
)
Artistic/Trampoline
Gymnastics
Golf
Boxing
Weightlifting
Canoe-Slalom
Cycling-Mountain Bike
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Existing
(W/Overlay
)
Additional
Additional
18,500
$4.0
$0.0
50,000
$10.0
$0.0
7,800
$5.0
$0.0
5,000
$5.0
$0.0
15,000
10,000
$10.0
$5.0
$488.4
$40.0
$5.0
$168.1

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CONFIDENTIAL INFORMATION

Village - UMASS Boston/Columbia Point

Olympic Stadium - Midtown

IBC / MPC - BCEC/South Boston Waterfront

Tennis (PavilionCenter Court)

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