The Paris 2024 Olympics could generate a long-term economic boost of as much as €11.1 billion ($12 billion), according to a study commissioned by the organizers of the Games as they seek to embrace the Olympic movement’s new mantra of fiscal restraint.

Broken down, that would mean the economic activity created from organizing the event would be about €4.58 billion, the construction impact would be around €3 billion, and the tourism contribution would top out at €3.56 billion in the most optimistic of scenarios.