2024 Olympics in LA would pay their own way, mayor believes – Los Angeles Times

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.

In an interview with The Times’ editorial board Monday, Mayor Eric Garcetti said he is pushing for Los Angeles to be named as the replacement for Boston, which dropped its bid amid financial concerns last month.

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.

“I think it is right for this city. I think it’s who we are,” the mayor said. “I think we benefit from it economically.”


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