'Madrid, having finished third behind London and Paris in the competition to host the 2012 Summer Games and second behind Rio de Janeiro (and famously well ahead of Team Chicago and its O-list boosters) for the 2016 Games, is aiming for 2020′s top podium spot.

And it’s not letting Spain’s long-running debt crisis stand in its way — even if it’s been reported it may amend its bid to trim costs, favoring, for instance, more existing facilities over new builds than it had previously planned. Its organizing committee says the Games would be a transformative and socially collaborative project, opening the door for a generation that needs “motivation, work and future expectations.”'

Read more: MADNESS: Bankrupt, Bailed-Out Spain Hopes To Secure 2020 Olympics For Madrid