The Associated Press reports a California legislative panel advanced a bill Tuesday committing the state to cover up to $250 million in cost overruns as part of Los Angeles’ bid for the 2024 Summer Olympics.
The Senate Governmental Organization Committee approved the bill in a 7-0 vote after proponents said they’re confident they can provide the Games without the serious deficits that have challenged other recent host cities. They pointed to Los Angeles’ profitable hosting of the 1984 Olympics. — gamesbids.com
For Brazil’s economy, the near future probably features a period of stagnation, as a government paralyzed by political crisis dodges the tough choices created by strong inflation, rising budget deficits and, at best, a touch of economic growth in 2017 after hitting rock bottom in 2016. [...]
Demonstrators have turned out in numbers larger than in 1984 — when Brazilians of all stripes united to throw off military rule— to demand [President] Rousseff’s ouster — ibtimes.com
London’s inaugural Design Biennale is set to open at Somerset House this September, based around the idea of Utopia to coincide with the venue’s year-long events programme.
The biennale is headed up by London Design Festival director Ben Evans, biennale director Christopher Turner, former editor of Icon, and London Design Festival co-founder Sir John Sorrell. More than 30 countries are taking part in the event. — itsnicethat.com
'Every day people follow the sun to our city in pursuit of their dreams,' bid committee chairman Casey Wasserman said in a statement, adding: 'We're inviting the world to follow the sun to California in 2024.'
The Olympic movement takes such things seriously. In the past, millions of dollars have been spent on the design of emblems and the often-ridiculed mascots. — Los Angeles Times
The city of Rio de Janeiro canceled the construction contract for the Olympic tennis center on Thursday, just 200 days before the start of the games, fining the consortium responsible for delays and breach of contract for the mostly finished venue. [...]
Rio City Hall, which is responsible for the construction, did not say how the tennis center, which is 90-percent complete, will be finished. — reuters.com
The government on Tuesday picked a design by architect Kengo Kuma for the new National Stadium, a building that is expected to become the centerpiece of the 2020 Tokyo Olympics.
One of two short-listed entries and identified until now only as design A, Kuma’s plan was a joint submission in partnership with construction giant Taisei Corp.
The competing design, identified as design B, was by architect Toyo Ito [...]. — japantimes.co.jp
Brazilian police investigating corruption around the state-run oil firm Petrobras also plan to investigate more than $10bn of construction contracts for the 2016 Olympic Games in Rio de Janeiro, according to a lead investigator on the case.
Some of the big engineering companies caught up in the Petrobras inquiry “very probably” broke laws against price-fixing and bribery on contracts to build Olympic venues, said Igor Romario, a federal police chief and key figure in the investigation. — The Guardian
Tokyo-based Robot Taxi ... is still on track to start field tests of its driverless taxi service in one region of Japan by the end of next March [...]
The company, a joint venture between DeNA (one of Japan’s mobile internet pioneers) and ZMP (a robotics firm; tagline “Robot of Everything”) is not building its own cars from scratch. Instead, it’s focusing on adding driverless capabilities to existing cars and designing, creating, and marketing the taxi service. — qz.com
[...] Team China beat out Team Kazakhstan to host the games. Zhangjiakou, a city of 4 million people in the mountains of Hebei province, will host the games alongside Beijing. [...]
They're worried I'll talk to people like Lu Wanku, who will be forced to move to make way for the region’s investment boom. Lu herds cattle and has lived in his tiny brick home for more than 20 years. His home is now in the way of a Four Seasons Town Dream Resort ski run. [...] Lu has two weeks to move out. — marketplace.org
The government hopes to cap the cost of building the main stadium for the 2020 Tokyo Olympics at ¥155 billion, much lower than the ¥252 billion projected under a recently scrapped plan [...].
The government intends to make sure that the stadium will be built by April 2020. But given the International Olympic Committee’s request that the venue be built by January of that year, it plans to ask a yet-to-be-named contractor to propose shortening its construction schedule, the sources said. — japantimes.co.jp
As Los Angeles moves closer to bidding for the 2024 Summer Olympics, officials said they can host the massive 17-day sporting event for $4.1 billion and offered to guarantee that the city will cover any cost overruns. [...]
Garcetti and his team have proposed to spend $500 million less than what Boston had planned and expect to finish with a $150-million surplus by generating billions in broadcast and sponsorship revenue. — latimes.com
'When these [2007 Pan Am] venues were built the government told Brazilians that these would be Olympic-ready, and there would be a rather smooth and efficient transition to eventually hosting the Olympics,' explained Rio-based reporter Taylor Barnes...'But, these venues have instead had some pretty checkered after-lives.' — pri.org
The United States Olympic Committee said Monday that it was withdrawing Boston as its proposed bid city because resistance among residents was too great to overcome in the short time that remained before the committee had to formally propose a bid city by Sept. 15. [...]
U.S.O.C. intended to move quickly to prepare a bid from another city. While he did not mention Los Angeles by name, many people involved in the Olympics expect Los Angeles to enter the competition. — nytimes.com
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