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.
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.