Barcelona held the 1992 Summer Games and used the event to remodel the city's sea front and invest heavily in transportation and other improvements. Thanks to the success of the Games, Barcelona was transformed from a postindustrial town into one of Europe's leading tourist destinations.
Barcelona's plan for a bid received the backing of the regional Catalan government.
"The Catalan government will be fully behind the bid if it ends up being formalized," said Santi Vila, Catalonia's head of sustainability and territorial policy.
Vila said that Barcelona was capable of hosting the event despite having similar economic problems that hurt Madrid's chances.
"We already have a large part of the infrastructures in place," said Vila. "And we have the experience of Barcelona hosting the world swimming championships this summer that showed you don't have to spend a lot of money. The transport connection between Barcelona and Puigcerda (in the Pyrenees) needs to be improved and this would provide the sense of urgency to do so."