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Re:NBC took Bob Costas off the Super Bowl for speaking out a... by jedberg on Monday February 11, 2019 @04:44PM (#19138657)
While technically correct (the best kind of correct), the owners expect to make back a good chunk of the construction cost from the Olympics licensing fees that they will get and from the tax breaks they are getting, which were justified as being funded in part by the Olympics. So yes, it's private money, but private money backed by Olympics money.
Re:NBC took Bob Costas off the Super Bowl for speaking out a... by Rebelgecko on Monday February 11, 2019 @05:50PM (#19139256)
From the numbers I've seen, the proposed tax subsidies* are gonna cover _maybe_ 5% of the construction costs of the stadium.

As far as Olympic revenue, I wonder how the stadium's income from a day of the Olympics will compare to a Rams game or a Taylor Swift concert? Supposedly LA isn't giving the stadium any money for capital improvements, just whatever they get for renting it out and a few million for a temporary archery building. Maybe the stadium gets a cut of the $2,000 opening ceremonies tickets, but I imagine that'll be less than they make from the 2022 super bowl. I know a lot can change before 2028, but I'm cautiously optimistic that LA won't screw anything up too bad.

*which IMO are pretty tame— Inglewood pays for police overtime, shuttles to train stations, utilities improvements, etc but only for the first 5 years that the city makes $25+ million from the stadium