Madrid bid for the 2016 Summer Olympics of the IOC. The Spanish Olympic Committee (SOC) confirmed Madrid as its candidate city to host the 2016 Summer Olympics and Paralympics on May 30, 2007. This is the city's second consecutive bid and its third failure, after two failed attempts for the 1972 and the 2012 Summer Olympics. Geographic issues were highlighted as a major problem for Madrid due to recent Olympic Games in Europe as the 2012 Summer Olympics in London, United Kingdom, and the 2014 Winter Olympics in Sochi, Russia. If successful, it would be the second Olympics hosted in Spain, after the 1992 Summer Olympics held
New York City bid for the 2012 Summer Olympics a new revenue sharing agreement with the IOC in May 2012, New York had been mentioned as a potential candidate for the 2024 Summer Olympics, but Mayor Bill de Blasio decided not to bid in May 2014. Los Angeles became the US candidate following the withdrawal of Boston's bid. Los Angeles later secured the right to host the 2028 Summer Olympics while Paris (which competed with New York in the 2012 race) secured the 2024 Summer Olympics. After the Olympic bid failed, the construction of Citi Field in Queens, now designated as the new home of the New York Mets,