Los Angeles to Host 2028 Olympics
Los Angeles to host the 2028 Summer Olympics. Officials hope the games will generate hundreds of millions in savings and additional revenues. This will be the third time Los Angeles has hosted the Olympics. They were also held in the massive city in 1932 and 1984. Initial reactions to the revised contract have brought mixed reactions. The main concerns about the 2028 games include the cost, the smog, and the traffic.
Los Angeles VS. Paris in Race
The competition between LA and Paris were both attempting to win the nomination for 2024. The final decision will allow Paris to host the Olympics in 2024.
LA’s bid committee has estimated the games will cost $5.3 billion to hold the games. They predict that all of the expenses can be covered through revenues such as sponsorships and ticket sales. One of the key issues is what can happen during the next decade which puts some risk ahead for the games.
However, unlike most host cities LA has already looked at cost-saving ways to cut back on expenses. For example, the initial plan relies on using venues such as Staples Center, Pauley Pavilion and the Coliseum. This will avoid spending billions of dollars to construct new stadiums and arenas. Also, huge savings will be seen by housing athletes and the media at UCLA and USC opposed to building new Olympic villages.
The next step is for IOC members to vote their approval and LA must sign the revised host city contract, making the deal official.