Led by Deputy Mayor Dan Doctoroff, and the nonprofit group NYC2012, the city launched a $50 million dollar bid to host the Olympics. NYC’s bid was denied on July 6th, 2005. The plan had significant citywide planning implications, from new stadiums to transportation demands to environmental cleanup.
Proponents of New York City hosting the 2012 Olympics cited economic benefits from tourism, the worldwide recognition the city will receive, and the hard development deadline (Summer 2012) that will foster more efficient public-private development partnerships.
Opponents of the bid argued that it will cost city residents too much, hastily designed megaprojects won’t fit into their neighborhoods and will drive others out, the Games will create transportation bottlenecks, and policymakers will be distracted from more critical problems like schools, crime, and jobs. New York lost its bid to host the 2012 Olympics.