After weeks of negotiations with the International Olympic Committee, Los Angeles officials have reached a deal to host the 2028 Summer Games under terms they hope will generate hundreds of millions in savings and additional revenues.
The agreement will bring the Olympics back to Southern California for a third time, after Los Angeles hosted in 1984 and 1932. It also opens the door for the 2024 Games to be held in Paris.
— latimes.com
Spiraling costs and notorious budget overruns have discouraged other cities from pushing towards being a host to the 2024/28 Summer Olympics, but Los Angeles Mayor Eric Garcetti thinks otherwise and hopes to avoid unpredictable spending by reusing existing venues and infrastructure.
As the Los Angeles Times reports, "Olympic experts have said that L.A. could be different because its plan relies on existing venues such as Staples Center, Pauley Pavilion and the Coliseum. It avoids spending billions to construct new stadiums and arenas. Further savings would arise from housing athletes and the media at UCLA and USC rather than building expensive villages."
LA officials aren't only hoping to cover the cost of the games but actually generate a surplus — emulating the success of the 1984 Los Angeles Summer Olympics.
No Comments
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.