Wealthy Bostonians were among the least likely residents to support the Boston '24 Olympic bid, a poll released today indicated. Seventy percent of high-net-worth investors, defined as those with at least $100,000 in investible assets, opposed the Games, according to the Morgan Stanley Wealth Management Investor Pulse Poll. The findings indicate that anti-Olympics activists, while often framed as a populist movement, enjoyed some of their strongest support among the economic elite. Among high-net-worth investors, 87% opposed using public funds for the Games, but 54% thought the Games would positively affect the Boston economy.
Prior to the USOC’s decision to end the Boston bid, organizers appeared to be falling behind the fundraising pace needed to sustain a bid until the ‘17 IOC vote. Also, many supporters reported difficulties in convincing prominent business leaders to publicly support the bid. The USOC chose L.A. to replace Boston on Sept. 1. Researchers polled 1,003 individuals in June and July.
