 His coalition government with the Green Party – with Green leader Katharina Fegebank serving as Deputy First Mayor – was sworn in on 15 April 2015.In 2015, Scholz led Hamburg's bid to host the 2024 Summer Olympics at an estimated budget of 11.2 billion euros ($12.6 billion), competing against Los Angeles, Paris, Rome and Budapest; the citizens of Hamburg, however, later rejected the candidacy in a referendum, with more than half voting against the project.In 2015, Scholz – alongside Minister-President Torsten Albig of Schleswig-Holstein – negotiated a restructuring deal with the European Commission that allowed the German regional lender HSH Nordbank to offload 6.2 billion euros in troubled assets – mainly non-performing ship loans – onto its government majority owners and avoid being shut down, saving around 2,500 jobs.