Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Boston 2024 settles debts, closes books
http://www.bostonglobe.com/metro/2015/09/29/boston-settles-its-debts/ZjggytdxhVFPlNSjFxIJdI/story.htmlBoston 2024 settles debts, closes books
By Mark Arsenault Globe Staff
September 30, 2015
Two months after shutting down, the defunct Olympic bid committee, Boston 2024, has reached agreements with its vendors and settled its leftover debts, according to a spokesman for the committee.
The debt was retired with additional cash donated by former bid leaders and committee members, as well as the largesse of vendors who agreed to take less than they were owed. In taking less, the vendors will consider unpaid work to be donations to the lost cause of bringing the Olympic Games to Boston.
“Every outstanding obligation that we know of has been resolved,” said Doug Rubin, of the political consulting firm Northwind Strategies, which worked for Boston 2024 and is among those vendors who forgave debt.
Settling debt may mark a quiet finale for one of the most discussed and polarizing organizations in recent memory.