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(NEW YORK) — The United States Olympic Committee has selected Boston as the city that will represent the U.S. in a bid to host the 2024 Olympic and Paralympic Games.

Boston, along with Los Angeles, San Francisco and Washington, were the final four cities under consideration. Boston notably made a streamlined bid that would include under $5 billion in spending. Comparatively, China spent about $40 billion on the 2008 Games in Beijing.

Boston’s bid is said to be a model for how cities can control costs in their bids.

Each potential Olympic venue would be accessible via public transportation, and the athletes would live in college dorms that would be unused during the summer.

Boston Mayor Martin Walsh called the selection “an exceptional honor.” Boston will now represent the U.S. bid for the 2024 Games against international cities.

“This selection is in recognition of our city’s talent, diversity and global leadership,” Walsh said. He added that the city hopes to host Games “that are innovative, walkable and hospitable to all.”

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