Los Angeles Awarded US Bid for 2024 Olympics

Poll: Olympics in LA? The final decision will be unveiled in Lima, Peru in September 2017.

Los Angeles can now negotiate a financial agreement with Olympic officials. He’d visited Gov. Brown in the state capitol on Monday.

The 2016 Games are being held in Rio de Janeiro.

Over the years, the Olympics have been notorious for cost overruns, and studies have questioned whether host cities benefit economically.

“This is the engagement, not the wedding, ” Council President Herb Wesson said.

“There’s so much unknown”, said Yaroslavsky. The bid packet also included details about how the Olympics might be operated.

However, the USOC said it had conducted several polls in the Los Angeles area to gauge enthusiasm for another run at a Summer Games and found overwhelming support.

On Tuesday, council members voted, 15-0, to authorize Garcetti to move forward but emphasized they will have the right to vote on any future plans that put public funds at risk. That simply was not the case in Boston. Los Angeles quickly stepped back into the picture.

“I don’t think it’s a hindrance at all”, Blackmun said of the council’s involvement in negotiations.

There has also been no word from Baku, Azerbaijan, which was mulling a bid after hosting the inaugural European Games in June. “There’s an institutional memory of the previous games”. “It’s not about pleasing as many cities as possible”.

The U.S. Olympic Committee made it official Tuesday and announced it will submit a bid for the 2024 Summer Games from Los Angeles, which is where, if you listen to the bid chief, the USOC’s top executives wanted to go all along instead of the fiasco that became Boston. Mayor Eric Garcetti tweeted. “Olympism is deeply rooted in the culture here and it is part of our DNA”. “We hope to return the Games back home”. The last time the USA hosted was in 1996 in Atlanta.

The remainder of the overall $6 billion would come from private-sector investors expected to contribute more than $1.7 billion.

Local businessman and philanthropist Casey Wasserman, the chair of LA24, said an Olympics in Los Angeles ‘can be and will be the most responsible Games possible’.

City Administrative Officer Miguel Santana published a cautionary report last week raising a few red flags.

The bid calls for building a $1 billion athletes village on a rail yard the city doesn’t own, and government analysts have warned that developing the site could significantly exceed the projected cost. “We are not going to allow Los Angeles taxpayers to be on the hook for cost overruns”, Councilman Mitch O’Farrell reportedly told the Times.

The announcement took placed on the world-famous Santa Monica Beach at the Annenberg Community Beach House.

The United States Olympic Committee has formally endorsed Los Angeles’ candidacy, which means the city will likely be in competition with Rome; Paris; Hamburg, Germany; and Budapest, Hungary.

Blackmun seized on that idea Tuesday, saying the International Olympic Committee “is looking to partner with cities to create a new hosting model, a model that sheds excessive spending, using existing venues and builds as little as necessary”.