Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B

Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by Eric_WVGG on Wednesday May 01, 2019 @12:04PM (#19798432)

Although I am somewhat "anti-Olympics," my acquaintances in Salt Lake City say the 2002 Olympics were very successful in sort of modernizing the entire city. There is apparently a very clear before-and-after with regards to infrastructure, public spaces, transit, etc., all for the better.

But that was a rare exception, as far as I can tell. Most Olympic cities appear to have that kind of effect as a goal and fall short. I read a proposal a while back that the summer Olympics just get permanently moved to Greece and that sounds like a great idea to me.

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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by gamblor956 on Wednesday May 01, 2019 @12:15PM (#19798546)

SLC's Olympics (at least, on the organizational side and after Romney took over from the previous organizers) were modeled after the LA 84 Olympics run by Peter Ueberroth. Prior to Romney's coup, the SLC Olympics were hemorrhaging money and deeply in the red.

Atlanta also used its Olympics to modernize the city, and much of that infrastructure still remains.

Surprisingly, LA in the past did not use the Olympics to modernize the city. Its bids were submitted on the basis of largely not building anything for the Games, because every time LA's bid on the Olympics, the Games have been out of favor due to the enormous costs of hosting. (For the 1932 games, LA was unopposed.) LA's success in hosting profitable Olympics without much building is, quite ironically, one of the biggest factors in other cities thinking that they could also host the Games.

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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by RandallBrown on Wednesday May 01, 2019 @01:39PM (#19799602)

It's not uncommon for the olympics to be profitable, especially when hosted in a city that mostly has the infrastructure in place already. https://en.wikipedia.org/wiki/Cost_of_the_Olympic_Games

LA, Atlanta, Salt Lake City, Vancouver, Calgary, London, Beijing, etc. all did quite well with the olympics in the past.

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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by mc32 on Wednesday May 01, 2019 @01:46PM (#19799698)

I see where Sochi and Beijing are listed as having made money. With the amounts spent on holding those events (dozens of billions) I’m skeptical of those claims.

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Re:Estimated cost of 2028 Los Angeles Olympics jumps to $6.9B by Rebelgecko on Wednesday May 01, 2019 @12:13PM (#19798527)

Not to mention a loosening of alcohol laws

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