• Loading stock data...
Wednesday, May 14, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

Paris Games Gain Momentum With $2B Completion of Olympic Village

  • The $2.2 billion housing project finished on time and was essentially on budget.
  • The French president, Macron, promises to swim in the long-polluted River Seine.
Paris 2024/Solideo

The completion of the Olympic Village for the upcoming Paris Games marks a major milestone for the upcoming event and could present a much-needed dose of positive momentum for the long-troubled Games. 

Paris Olympic organizers on Thursday received formal control of the $2.2 billion housing project, located just north of the city and primarily funded by private developers, which will house about 14,500 athletes plus their staff and 9,000 for the subsequent Paralympics. Notably eschewing the Games’ long record of white elephant projects and overspending, the Olympic Village will be converted after the events into an eco-friendly neighborhood for 6,000 residents and feature a pair of schools, a hotel, park, and other retail and office spaces. Planned apartments will include private residences and public housing. 

The project was completed a day ahead of schedule and marginally over budget. It notably follows months of tumult involving security, alleged corruption, and complaints of price gouging for hotel rooms and tickets—a situation that Comcast executives hope is now changing

“It’s a very big day. It’s a demonstration that France is a nation of builders,” said President Emmanuel Macron of France at an inauguration ceremony for the village. “What has been done … is nothing short of remarkable.”

The complex, featuring about 40 low-rise towers, notably does not feature air conditioning. It will instead use a water-cooling system placed underneath the buildings and is part of Paris organizers’ goal of staging the most environmentally sustainable Olympics in history.

Taking a Dip

Macron, meanwhile, pledged to swim in the River Seine as a tangible show of how much the waterway—largely closed to swimmers for the past 101 years—has been cleaned. He declined, however, to say when that would be. Broader public swimming access to the Seine is targeted for next year. 

“I’m not going to give you a date,” Macron told reporters at the ceremony. “There’s a risk you’ll be there.”

The Seine will also play a starring role in the Paris Games’ opening ceremony, which will be centered on a water parade—representing the most expansive and ambitious start to an Olympics.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Manfred Reinstates Rose, Jackson; HOF Vote Could Come in 2027

Commissioner Manfred finds that lifetime league penalties end with death.
May 12, 2025; Charlotte, North Carolina, USA; Players get to see the trajectory of their golf balls at the driving range during a practice round for the PGA Championship golf tournament at Quail Hollow.

Major Controversy: Quail Hollow Defends Hosting PGA Championship

Debate continues over the Charlotte course hosting this week’s major.
Apr 11, 2025; Portland, Oregon, USA; Portland Trail Blazers forward Kris Murray (24) grabs a rebound during the second half against Golden State Warriors guard Buddy Hield (7) at Moda Center.

The Trail Blazers Are Finally for Sale. The Seahawks Are Not

Jody Allen is mandated to sell her late brother’s sports teams.

Featured Today

Apr 18, 2024; Los Angeles, CA, USA; Stanford Cardinal vs Grand Canyon University Antelopes during the MPSF Men's Volleyball Championship at Galen Center.
exclusive
May 10, 2025

‘What Just Happened’: Inside the Abrupt End of Grand Canyon Men’s Volleyball

Inside Grand Canyon’s shocking decision to cut men’s volleyball.
Mar 26, 2025; New York, New York, USA; Actor and filmmaker Spike Lee (l) greets former professional boxer Floyd Mayweather Jr. during the game between the LA Clippers and the New York Knicks at Madison Square Garden.
May 9, 2025

‘Friends of the Garden’: Inside the NBA’s Most Exclusive Celebrity Suite

“Among the titans of industry, deals are done at Suite 200.”
exclusive
May 9, 2025

Shams Charania on Draft, Breaking Dončić Trade, ‘Whirlwind’ ESPN Tenure

Charania will work on his first NBA draft lottery for ESPN on Monday.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
August 30, 2024

Premier League Transfer Spending Has Already Topped $2 Billion As Deadline Looms

Saudi Pro League teams haven’t yet matched their English counterparts.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In the latest Portfolio Players—our series spotlighting athlete and executive investors—Carolyn Tisch Blodgett, owner of Gotham FC & advisor to the New York Giants, breaks down how sports, brand, and capital are reshaping fandom and the business of women’s sports.
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’