Los Angeles has made money on the last two times it hosted the Olympics and will probably make money on the third.
Would love to see anything that supports your assertion
It doesn’t generally benefit the community
First paragraph cites the likely profit of $1 million
Fourth paragraph includes “As a result of low construction costs, due to the use of existing sport infrastructure, coupled with a reliance on private corporate funding,[5] the 1984 Games generated a profit of over US$250 million.”
As for the 2028 Olympics, most venues are existing, with some temporary venues for minor events and shifting of some events to other areas with adequate infrastructure including Oklahoma City. Upgrades to city infrastructure like LAX and the region’s mass transit network were already planned and deemed necessary before bidding for the Olympics; the only difference has been in pushing forward some schedules.
There don’t seem to be any glaring white elephant projects for 2028. A lot of what kills most budgets is building mass infrastructure that doesn’t get used. That isn’t happening in Los Angeles.
I will take that bet. I will say this that nowadays everyone just reads headlines or memes it off others. People don’t wake up early or subscribe to the olympics no matter what the platform is. It has been 30 years since 1984. Shit has changed so you can’t use that as an example.
