August 28th, 2013
12:50 PM ET

D.C. Going for Olympic Gold in 2024

The latest announcement from Washington has less to do with politics and more with racing to victory.

The city plans to make a bid to host the 2024 summer Olympics.

“The nation's capital has a long way to go to fulfill its Olympic dreams, this is almost the equivalent of a primary election,” reports CNN's Athena Jones.

“Of the 35 U.S. cities that received an invitation to be considered, D.C. is one of the few still in the running. The U.S. Olympic Committee will decide which one will be its main candidate for 2024.”

DC 2024 President Bob Sweeney says, "Washington D.C. is the only global capital that has never hosted the Olympic Games yet, and it's our turn."

The D.C. 2024 campaign is touting venues already in place to host events, as well as its large public transportation system and security network, to show it has the caliber to host.

"Washington is one of the most secure cities in the world already. We are protected every day,” Sweeney says.

But with Rome, Paris and Doha all vying for the games, the worldwide competition is stiff.

Win or lose, however, going for the gold will be costly.

“New York and Chicago each spent approximately $10 million for their failed bids. And costs would skyrocket for D.C. if chosen to host the 2024 games,” Jones says.

The total estimated cost is between $3 and 5 billion.

Expenses aside, in recent years, the cityscape has been evolving with new developments all around.

Jones says, “Winning the Olympics would be a feather in the cap for a city many say is booming.”

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