Monday, August 15, 2016

Los Angeles a finalist to host 2024 Olympics

In eight years, Arizonans may be able to drive just a few hours to see the world’s top athletes compete in the Olympic Games. Los Angeles is making an aggressive bid to host the Olympics in 2024.

The city’s delegation visited during the first week of the Olympics to drum up support for its bid to be the host city for the third time.

“L.A. is one of the premier destinations of the world for holidays and vacations. So we don’t have any concerns about visitors coming to L-A to enjoy the Paralympic and the Olympic Games”, said Terrence Burns, chief marketing officer for the LA 2024 committee.

Los Angeles is going up against Rome, Paris and Budapest, but L.A. organizers believe they have the edge because it already has the venues ready to host the events. The committee says 97 percent of the venues need to host the Olympics are already in place. That would keep the reported budget to around $6 billion, which would easily be covered by ticket sales, sponsorships and broadcast rights.

“We have such an incredible foundation of infrastructure, housing, and facilities. We can spend seven years worrying about delivery”, said Casey Wasserman, Executive Director of the LA 2024 committee.

The city is expected to release more information about how it would pay for the Olympics during the next phase of the bidding process in October. The host city of the 2024 games will be announced in September 2017.

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