International Olympic Committee

With this motto is presented the candidature of Madrid for the 2016 Olympic Games. In the race to achieve the Olympic venue, it will have to compete with Chicago, Tokyo and Rio de Janeiro. It is not the first time that Madrid chooses to be host of the Olympics. In the previous election for the 2012 Games, the capital of Spain reached the final phase along with London, Paris, New York and Moscow. At that time, the Madrid candidacy was one of the best prepared, but the chosen venue was London. For a country hosting the Olympics means that, during one month, increases the foreign tourism in large quantities, in addition to fart media of the city, visible to all countries of the world and for millions of people. But it is also an enormous expense.

The investment required to submit an application ranges between 4,500 and 10,000 million euros, depending on built facilities that can be leveraged. Spain has only held the Olympics in Barcelona 92, considered among the best of all the history. All costs incurred for that celebration have completed pay during the year 2008. Much of the investment comes from public funds, which means that these sixteen years a portion of income tax has been spent on living expenses. The process of choosing an Olympic venue begins seven years before the celebration of the games and is not only based on sporting criteria.

The first step for the candidate cities is presenting a project in which detailing from the sports facilities until the security measures that will be taken during the celebration of the Olympic Games. After a few months, a Commission sent by the International Olympic Committee (IOC) visit each candidate city to evaluate the project, as it is the case with Madrid currently. After the visit, the Commission draws up a non-binding report for the final decision.

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