City Council Votes In Support Of LA 2028 Bid

Elias Hubbard
August 12, 2017

The Los Angeles City Council Friday voted in favor of approving key documents that now clears a path for LA to host the 2028 Olympic and Paralympic Games. They endorsed the bid in January after receiving a budget and an independent analysis of the spending plan, which were provided more than a month in advance.

While LA 2024's bid hosted 32 community meetings in every city district as well as Santa Monica, the LA 2028 bid only had one meeting on August 4 in Van Nuys.

LA 2028 Chairman Casey Wasserman said: "Since our announcement that we would pursue the 2028 Olympic and Paralympic Games, we've worked closely with the City Council to ensure the 2028 Host City Contract is the best deal for our city and all Angelenos".

Los Angeles had been bidding to host the 2024 edition of the Games but instead opted to concede that race to rival bid Paris and seek the 2028 Games along with financial concessions offered by the International Olympic Committee (IOC). If that approval is given, the IOC, Los Angeles and Paris will work on a formal three- way agreement in advance of the IOC's meeting in Lima, Peru, on September 13, when the Games will officially be awarded.

However a city report released last week by the Office of the City Administrative Officer and Office of the Chief Legislative Analyst outlined risks in shifting to 2028.

The new memorandum provides city representation on the LA 2028 Board of Directors, gives the city consent rights over significant venue changes within Los Angeles and $270 million of the projected $500 million Games budget contingency, an increase from $250 million, according to LA 2028, the group spearheading the campaign to bring the Games to Los Angeles.

The vote today will make taxpayers in Los Angeles responsible for cost overruns if the $5.3 billion event goes over budget, according to the L.A. Times. "Together with the united support of the City Council and the people of Los Angeles, we will deliver the greatest Games possible in 2028".

The State of California this week agreed to transfer its planned Dollars $250 million funding of any potential cost overruns, with a possible increase to account for inflation, but a bill solidifying the offer won't go to a vote until next year due to the summer recess.

With the legislature in recess, it is impossible to immediately guarantee they will approve the same amount for 2028.

Other reports by Click Lancashire

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