4/30/13 Detroit turns down invitation to bid on 2024 Olympics | Reuters Register EDITION: U.S. Home Business ARTICLE Markets World Politics Tech Opinion Sign In Breakingviews Search New s & Quotes Money Life Pictures Video COMMENTS (1) Detroit turns down invitation to bid on 2024 Olympics Recommend You, Deacon Knuckles and 95 others recommend this. Tw eet 11 Share Share this 0 Em ail Print Related New s Michigan governor clears way for state takeover of Detroit Fri, Mar 1 2013 By Erica Hobbs DETROIT | Wed Mar 6, 2013 4:11pm EST Panel finds Detroit in dire shape; up to governor to act Tue, Feb 19 2013 (Reuters) - Detroit Mayor Dave Bing on Wednesday turned down an invitation to bid on hosting the 2024 Summer Olympics, citing "uncertainty" over the city's long-term financial stability. Pictures One of 35 U.S. cities to receive an invitation from the United States Olympic Committee (USOC), Detroit is teetering on the verge of bankruptcy and would be an unlikely candidate to host the games. Detroit bid unsuccessfully to host the Olympics seven times between 1944 and 1972. Mortgage lender Quicken bets on downtown Detroit's revival Tue, Feb 19 2013 Forget the big comeback; Detroit focuses on what can be saved Mon, Feb 18 2013 Detroit emergency manager, a job for a "poor devil" Fri, Feb 15 2013 A statement released by Bing's office said the city's "rich history of hosting major events" and its location across the river from Canada make Detroit Analysis & Opinion "an appealing candidate" to host the summer games in 2024. "Unfortunately, due to the timing and uncertainty of Detroit's long-term Openly gay athletes Current and retired openly gay pro athletes. Slideshow financial stability, we must respectfully decline to participate," the statement said. Tim e to begin fixing Detroit’s fiscal problem s Countdow n to Sochi 2014 Bidders are required to make an up-front $10 million payment and commit to a $3 billion operating budget. MORE REUTERS RESULTS FOR: www.reuters.com/article/2013/03/06/us-olympics-detroit-idUSBRE9251HA20130306 Related Topics U.S. » 1/5 4/30/13 Detroit turns down invitation to bid on 2024 Olympics | Reuters "reuters erica hobbs" Detroit in recent years has hosted a number of major sporting events, Sports » including a National Football League Super Bowl, NHL Stanley Cup hockey Detroit "am bassadors" offer visitors hom ey diplom acy Fri, Apr 26 2013 playoffs, NBA and NCAA basketball finals and Major League Baseball's World Series. Bing's statement comes just days after Michigan Governor Rick Snyder announced a financial Detroit "am bassadors" offer visitors hom ey diplom acy Fri, Apr 26 2013 emergency in Detroit and his intention to appoint an emergency manager to control the city's finances. Detroit turns dow n invitation to bid on 2024 Olym pics Wed, Mar 6 2013 The USOC sent invitations to bid to the nation's 25 largest cities -- Detroit is 18th -- plus an additional 10 cities that had expressed interest, in February. At the time, the governor's office called the bid invitation "a welcomed vote of confidence" in Follow Reuters Detroit's future. USOC spokesman Patrick Sandusky said any city may bid but must meet several requirements, Facebook Tw itter RSS YouTube person dining hall, operations space for more than 15,000 media and broadcasters and an Latest from My Wire Login or register including having 45,000 hotel rooms, an Olympic Village that sleeps 16,500 and has a 5000international airport. RECOMMENDED VIDEO The USOC has a little over two years to select a candidate to submit to the International Olympics FACTBOX: The numbers behind Boeing's big fix Banquet marks Queen Beatrix's abdication Committee. 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How to Speed Up Your PC - Tricks Manufacturers Hate How Small Investors are Making Huge Returns Trading Penny Stocks Content.ad? www.reuters.com/article/2013/03/06/us-olympics-detroit-idUSBRE9251HA20130306 2/5 4/30/13 Detroit turns down invitation to bid on 2024 Olympics | Reuters 87 Boston bomb suspect’s name was on classified government watch lists 73 New York Times reports lower revenue on ad slide We w elcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. View s expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/tow ard-a-more-thoughtful-conversation-on-stories/ Comments (1) Lauri wrote: Very well written article! Like this new reporter and am looking forward to reading more of her work! 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Ads by Marchex www.reuters.com/article/2013/03/06/us-olympics-detroit-idUSBRE9251HA20130306 3/5 4/30/13 FBI says lab tests link Mississippi man to poisoned letters JACKSON, Mississippi - A dust mask and other items seized from the martial arts studio of a Mississippi man charged with sending letters laced with a deadly poison to President Barack Obama and two other public officials, tested positive for ricin, according to a court document Detroit turns down invitation to bid on 2024 Olympics | Reuters TOP NEWS TOP VIDEOS Home prices rise, seen helping economic recovery WASHINGTON - Home prices rose in February at their fastest rate in almost seven years, a fresh sign the housing market recovery w ill help counter the drag on the economy from government belt tightening. Exclusive: Sources say senior Iranian diplom at detained in March Jury w eighs fate of abortion doctor in m urder trial released on Tuesday. 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