Why should the Olympic Summer Games come back to Los Angeles in 2024? Because the city has played host twice already, backers of LA24 say, and virtually all sports venues are already in place. The Games bring a landslide of special events business; here's why L.A. could beat out rivals Rome, Paris and Budapest:
With 97 percent of the venues in existence or already planned by private investors, organizers of Los Angeles’ bid for the 2024 Olympics are promising a prudent and responsible approach to running the games that would be entirely privately financed. “That is the definition of sustainability in terms of legacy and cost,” said Casey Wasserman, chairman of LA24. “There’s no risk involved with venues or facilities.” On Wednesday, LA24 officials released a 64-page report submitted to the International Olympic Committee detailing their vision and concept for bringing the Olympics back to Los Angeles for a third time. Organizers said that within three weeks of launching their bid last September, they secured $35 million in cash commitments from private donors. The committee is emphasizing the city won’t require any extra infrastructure beyond what is already planned for the vast, traffic-choked region over the coming years, including $300 billion in transportation upgrades. Part of that is an expansion of several rail lines and the first direct transit link to the city’s main airport, which is currently undergoing a $14 billion modernization. The bid mentions embracing new technology for ridesharing and parking, including an autonomous vehicle pilot program. Organizers want the “first energy positive” Olympics, including using solar power. – Register Guard
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