The Hungarian government has announced that Budapest is dropping its bid to host the 2024 Olympic Games. Los Angeles (USA) and Paris (FRA) are the only two cities still in the running to host the 2024 Games.
Hamburg was the first to pull out of the race in 2015, followed by Rome in 2016. The International Olympic Committee (IOC) will elect the winner at a vote in Lima, Peru, in September 2017.
More than 260,000 Hungarians had signed a petition against the plan, with opponents saying the money would be better spent on hospitals and schools.
Hungarian government spokesman Zoltan Kovacs told Reuters a decision to drop the bid was made after a meeting between Prime Minister Viktor Orban, Budapest Mayor Istvan Tarlos and the Hungarian Olympic Committee.
Hungary is the only one of the 10 most successful medal-winning countries at the summer Olympics never to have hosted the event.