Then came an unusual deal in which the International Olympic Committee agreed to a compromise between the two bid finalists, withThe Los Angeles City Council, which signed off on the original bid, gave the rechristened LA 2028 until early this year to produce numbers that reflected the postponement.
In those and other cases, capital projects — new stadiums, roads, hotels — were primarily responsible for driving expenses. The bid contains nothing in the way of improved infrastructure, relying instead on public transportation projects already in the works. But LA 2028 faces challenges.L.A. mayor Eric Garcetti holds a card bearing the name of LA 2028 after the vote by the International Olympic Committee to award the games to the city.
With hundreds of thousands of visitors expected to descend on the city in 2028, some political leaders are already talking about improvements, asking for a study on ways to pay for street and sidewalk fixes.The revised numbers, which were reviewed by a major accounting firm, showed inflation accounting for 86% of the estimated increase.
TRUMPiCANS 🇺🇸
Oh, pleeeeease: everybody knows at the end it will be double-digit billions.
No surprise, I remember what the CBO estimated Obamacare would cost. Happens every time you allow politicians and institutions to bamboozle you.
I can't imagine what Los Angeles will look like in 9 years, with probably thousands and thousands of vagrants definition leaving in their filthy street encampments.
Damn, if only there was high speed rail to SF to help LA pull this off.
Maybe if we drop the high speed train to nowhere that no one wants, we could use those Billions to pay for the Olympics cost.
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