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Boston 2024 Olympics: Nevermind!

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Well Boston, those Olympic dreams were fun while they lasted. But now: back to reality.

A private group calling themselves the Boston Olympic Exploratory Committee has been showing interest in bringing the Games to New England when the USOC bids for the 2024 Olympics, and even met with City Hall officials Monday in order to iron out some of the details.

That idea has now been panned as a “far-fetched” multi-billion dollar waste of time by local leaders, according to the Boston Herald.

“We’re coming out of the greatest economic recession and I don’t think our resources should be diluted by going after something so far out,” said CEO John Fish, a top supporter of Mayor Menino who Boston Magazine named the city’s most powerful person last year. “If someone wanted to pour $1 billion into our health care or education system or the life sciences industry, I’d be all for that discussion.”

On top of that glowing endorsement, a city spokesman is trying to distance the mayor from a possible bid, saying that the BOEC’s meeting with the Office of Travel Tourism is insignificant: “The city meets with thousands of people every day that have ideas and some work out and some don’t.”

Ouch. Still, BOEC leader Eric Reddy, 31, isn’t tossing in the towel just yet. He said he wasn’t looking for a “yes or no” this early on in the process and will continue to explore the idea. Good luck, Boston.

When does the Red Sox season start?

WATCH: Top basketball moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 20:  (L-R) Gold medalists Diana Taurasi #12 and Sue Bird #6 of United States celebrate during the medal ceremony after the Women's Basketball competition on Day 15 of the Rio 2016 Olympic Games at Carioca Arena 1 on August 20, 2016 in Rio de Janeiro, Brazil.  (Photo by Tom Pennington/Getty Images)
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As expected the U.S. took gold in both men’s and women’s basketball, with the men winning their third consecutive Olympic gold medal and the women running their streak to six straight. But there was a lot more to take in at the basketball venues, including Serbia’s men’s team winning their first Olympic basketball medal (as an independent nation), and Spain doing the same in the women’s bracket.

To watch the top basketball moments of the Rio Olympics, click here.

WATCH: Top track and field moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 14:  Usain Bolt of Jamaica celebrates winning the Men's 100 meter final on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.  (Photo by Cameron Spencer/Getty Images)
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From Sam Kendrick’s patriotic moment to Usain Bolt’s “triple-triple,” check out the best moments from the 2016 Rio Olympics track and field competition.

You can watch all of these moments here.