LA28 and the city of Santa Monica are very close to an agreement to host 2028 Olympic beach volleyball matches near the Santa Monica Pier.
Santa Monica officials say they are 'very close' to reaching an agreement to host beach volleyball during the 2028 Summer Olympics, even though it might end up costing the city millions of dollars. A 36-page study released on Tuesday night outlined the risk of incurring a $12.1-million net loss, but officials noted a chance to recoup expenses if the Games are financially successful. The matter now proceeds to a City Council meeting on Oct. 8 for discussion and public comment.
09 million in tax revenues and rental payments from LA28. Still, the city would be left with an estimated net loss of $1.45 million. If Santa Monica chooses not to serve as host, consultants said, it might still receive $11.3 million in increased revenues from tourists attending the Games in neighboring communities. The costs in this scenario would be only $650,000. “Taken together, these findings suggest that choosing to host Olympic beach volleyball translates to a net loss of roughly $12.
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