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unhappycamper

(60,364 posts)
Wed Sep 30, 2015, 05:58 AM Sep 2015

Boston 2024 settles debts, closes books

http://www.bostonglobe.com/metro/2015/09/29/boston-settles-its-debts/ZjggytdxhVFPlNSjFxIJdI/story.html

Boston 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.
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