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
Previously in the Archinect news:
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