The 2028 LA Olympic games may be a gamble, with large debts a possibility, not to mention housing takeovers and traffic
ACCE LA participants seen here at a July 26, 2024 rally at Jesse Brewer Park in South L.A. near the L.A. Memorial Coliseum to launch “Campaign Home Team.” The group wants to protect their community from home rentals taking up housing stock and homeless sweeps and also wants better transit options in their community during and after the LA 2028 Olympic games. Everybody loves the Olympic Games and can’t wait until they arrive in Los Angeles in the summer of 2028.
With TV screens last week broadcasting the Paris 2024 Olympic Games opening ceremonies, athletes on boats cruising down the River Seine, laser-light shows shooting out of the Eiffel Tower and medals for both the U.S. Men’s and Women’s Gymnastic Teams, what is so bad about that kind of excitement coming to L.A.?
Because the neighborhoods around Exposition Park will have numerous Olympic venues, they will be most impacted, ACCE said. That includes staging a diving competition in a local swimming pool near the L.A. Memorial Coliseum used by residents who say the LA28 organizing committee is taking their pool without asking them.
If revenues from corporate sponsors, TV broadcasting and merchandise sales don’t measure up, the city of Los Angeles would be on the hook to make up the difference. That gamble could be why L.A. and Paris had zero competition for the 2024 and 2028 games — few cities want to take the risk. Speaking on background, an LA28 spokesperson said it has already secured $1 billion in gross sponsorships and it is continuing to work on raising money to cover the costs.Durbin said L.A. hopes it can absorb any losses by saying the boost in prestige was worth it.
In the 2012 London games, tourism levels actually dropped by 6% compared to the year prior, reported The Telegraph, a British newspaper. The newspaper predicted that Paris, with many empty hotel rooms, could see a drop in tourism. Pasadena’s Rose Bowl will host the semi-finals and finals of both men’s and women’s soccer, said Casey Wasserman, chairman of LA28, the group organizing the games, on a talk show on KPCC/LAist public radio in June. Pasadena is close to finalizing a host agreement with LA28, said Jens Weiden, Rose Bowl Operating Company general manager and CEO.
FILE – In this July 28, 1984 file photo, balloons are released into the air from the field of the Los Angeles Memorial Coliseum as part of the opening ceremony for the Summer Olympic Games in Los Angeles. The Summer Games return to Los Angeles in 2028. “We need something beyond viewing parties. We want long-term benefits for our community,” said Mazariegos.
“My team will continue working with our county departments and partners across the district to ensure we proactively support communities that will be spotlighted on the global stage,” Michell wrote in an emailed response. LA Metro is relying on state and federal dollars. In April, U.S. Sen. Alex Padilla and LA Metro CEO Stephanie Wiggins celebrated
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1984 Olympic Arts Festival all but reinvented L.A. Why the 2028 Games could do the sameAs planning for a Cultural Olympiad begins, a look back at how the massive 1984 Olympic Arts Festival 40 years ago revolutionized the L.A. arts scene
Read more »
Ahead of 2028, Mayor Bass travels with Jill Biden to Paris Olympic GamesL.A Mayor Karen Bass is part of the presidential delegation headed to Paris for the Olympic Games. It will be led by First lady Jill Biden and Second Gentleman Douglass Emhoff.
Read more »
Olympic organizing committee adds more Los Angeles venues, competitions to 2028 GamesThe LA28 Olympic organizing committee announced Friday that Los Angeles nabbed eight of the 19 events, followed by Long Beach (seven) and Carson (four). Some officials previously complained the 2028 Games didn't feature enough of the city.
Read more »
Pelicans Forward Zion Williamson Predicted for 2028 U.S. Men's Olympic RosterCould Williamson be the first New Orleans franchise player in more than a decade to make the 2028 Olympic roster?
Read more »
US Olympic fundraising team sets audacious goal of raising $500 million by 2028The fundraising arm for the U.S. Olympic team is revving up a donation drive aimed at raising $500 million by the time the Summer Olympics return to Los Angeles in 2028
Read more »
US Olympic fundraising team sets audacious goal of raising $500 million by 2028The fundraising arm for the U.S. Olympic team is revving up a donation drive aimed at raising $500 million by the time the Summer Olympics return to Los
Read more »