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Boston 2024 Olympics Organizers Update $4.6B Bid

The group trying to bring the 2024 Olympics to Boston has released the most detailed look yet at its bid for the Summer Games.

It says its $4.6 billion plan would create jobs and housing, expand the tax base and leave behind an improved city with a $210 million surplus.

The announcement is designed to answer critics who say the privately funded Boston 2024 has withheld details of the bid to prevent the public from assessing whether the games could be staged without taxpayer money.

Bid chairman Steve Pagliuca, a co-owner of the Boston Celtics, says the new plan goes deeper than the proposal that convinced the USOC to pick Boston in January over Los Angeles, San Francisco and Washington.

Opponents of bringing the 2024 Summer Games to Boston say the latest version of the plans still fail to guarantee taxpayers won't foot the bill for cost overruns or revenue shortfalls.

Chris Dempsey, a co-chairman of the No Boston Olympics group, said Monday that more details are still lacking on the insurance plan that organizers promise will protect taxpayer interests.

Pagliuca promises more details are forthcoming on the insurance coverage.

The bid has stumbled since getting the nod from the USOC, with local opposition and low poll numbers.

Copyright 2015 The Associated Press. All rights reserved.

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