Rome will bid for the 2024 Summer Olympics, Italian Prime Minister Matteo Renzi said today.

“Italy has what it takes to try for it,” Renzi said today in Rome according to newspaper Il Sole 24 Ore. “Our problems shouldn’t stop us from dreaming. If we waited for things to be easy we’d never try for anything.”

Rome pulled its bid to host the 2020 edition last year when then-Prime Minister Mario Monti said it would be a drain on public resources. Tokyo will host those games.

The International Olympic Committee earlier this month opened up the possibility of multi-city and countrywide bids after it voted in favor of changes to reduce the cost of hosting the world’s biggest sporting event. The bid changes will come into effect for the 2024 Summer Olympics.

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net.

Photo Credit: The coliseum in Rome, Italy. Bert Kaufmann / Flickr