IOC to announce preferred bidder for 2032 Olympics on Wednesday

The International Olympic Committee (IOC) has picked its preferred bidder for the 2032 Summer Olympics and is expected to announce the name on Wednesday, February 24. But it will not be the final announcement as it will just be the first in a series of steps in which the host city will be selected.

As per Reuters, the IOC will finalise the decision following its executive board meeting on Wednesday evening. So far, Australia’s Queensland, Indonesia, Budapest, China, Germany’s Ruhr valley and Doha among others are in the fray to host the 2032 Summer Games.

To make it easier for cities to bid for Olympics, the IOC revamped its bidding rules in 2019, making it cost-efficient. However, unlike other editions, no cities have actively campaigned to host the 2032 Olympics ahead of the voting process.

Instead, the IOC has set up two ‘Future Host Commissions’ for Winter and Summer Games so that potential bidders could be explored. Following the preliminary selection process, the IOC then instructs the commissions to begin extended talks with one or more cities that are designated as ‘preferred hosts’. During the process, the commissions take a closer look at the bids and their financial guarantees.

After a detailed evaluation, the IOC puts one or more preferred hosts to a vote at an IOC session. However, it is not clear yet when the vote to select the preferred host for the 2032 Olympics will take place. Previously, a vote was supposed to take place seven years in advance but that has been scrapped now.

Following the Tokyo 2020 Olympics, Paris and Los Angeles will host the next two Summer Games. As for Winter Games, Beijing will stage the 2022 edition while Italy’s Cortina d’Ampezzo will host the 2026 Winter Olympics.