Thursday, May 14, 2026

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.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

Polymarket’s Soccer Spree Continues With Serie A Deal

It’s the third big soccer deal Polymarket has reached this year.
Bart Swings/Falyn Fonoimoana/Avery Poppinga

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.
Los Angeles, CA - May 8, 2026 - LAPC: Stephen A Smith and Skip Bayless on the set of First Take.

‘First Take’ Ratings Up 24% for Skip Bayless Return

The episode marked Bayless’s first ESPN appearance in a decade.

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.

Featured Today

Collectible Cups Are Sending Sports Fans Into a Frenzy

The drink is secondary to the wild vessel it comes in.
Matt Palumb
May 8, 2026

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit
May 7, 2026

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Dec 4, 2022; Doha, Qatar; France fans before a round of sixteen match between France and Poland in the 2022 FIFA World Cup at Al Thumama Stadium. Mandatory Credit: Yukihito Taguchi-USA TODAY Sports

World Cup Cities Scaling Back Fan Fest Plans

New Jersey and Seattle are ditching massive Fan Fests for smaller events.
Oct 6, 2024; London, United Kingdom; British and United States flags on the field at Tottenham Hotspur Stadium.
September 29, 2025

From Dublin to London: Vikings on NFL’s First Multi-Country Road Trip

The Jaguars have previously played consecutive games in the U.K.
Jul 30, 2022; Irvine, CA, USA; A general view of the official NFL balls on the field during Los Angeles Rams training camp at University of California Irvine.
October 20, 2025

Saudi Arabia Wants to Bring American Football to the Middle East

The Middle Eastern nation wants to host major football events.
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
Noah Lyles (USA) wins the men’s 100m final during the Paris 2024 Olympic Summer Games at Stade de France in Saint-Denis, France, Monday, Sunday, Aug. 4, 2024.
September 22, 2025

Summer Olympics Face a Climate-Induced Heat Check

The World Athletics president says the status quo is not sustainable.
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.
February 12, 2025

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
January 13, 2025

Newsom Adamant About L.A. Hosting 2028 Olympics

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Paralympics Tiktok
August 25, 2024

The Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.