clear
Sunday August 20th, 2017 3:48AM

Los Angeles takes another step toward 2028 Games

By The Associated Press
Related Articles
  Contact Editor

LOS ANGELES (AP) — Los Angeles took another step Friday toward bringing the 2028 Olympics to the city, despite questions about future costs.

The City Council voted 12-0 to endorse documents at the heart of its plan to stage the Summer Olympics for the third time since 1932. The contract outlines Los Angeles' financial responsibility in hosting the Games, including covering shortfalls if the $5.3 billion plan runs into the red. In addition, a budget for the proposed 2028 Games has not been completed.

The vote followed a morning-long committee hearing that mingled civic cheerleading and salutes to Olympic champions past with warnings about potential costs and suggestions the international event would drive up housing costs and drive out the homeless.

"This opportunity is too great, we cannot pass it up," council President Herb Wesson Jr. said.

The vote took place less than two weeks after the city announced an agreement with international Olympic leaders ceding the 2024 Games to rival Paris, while opening the way for Los Angeles to host the 2028 Games.

The U.S. Olympic Committee board of directors must also approve the deal. The International Olympic Committee vote to award the two Olympics is scheduled for September in Lima, Peru.

City analysts concluded that the 2028 plan, while incomplete, included significant safeguards for taxpayer dollars. The Olympics have a notorious history of runaway costs, but city officials have argued their proposal can stay within budget by relying on the region's many existing stadiums and arenas, including the Los Angeles Memorial Coliseum and Staples Center.

Los Angeles had bid on the 2024 Games, but embraced the 2028 alternative after Paris emerged as the front-runner for 2024 and the IOC proposed the unusual dual award.

At one point during the sometimes tense meeting, Councilman Joe Buscaino shouted at a heckler, "This is right for the city." As the vote was being taken, protesters yelled from the back of the council chamber, "Let us speak" and "sellout."

Steve Ducey of No Olympics LA, an opposition group, said the vote would take place without an independent budget analysis.

"Shame on you," he said.

Much of the meeting amounted to a choreographed tribute to the city's Olympic legacy, with frequent references to the LA Games in 1932 and 1984 and the athletes who competed in them.

Olympic champions Carl Lewis and Janet Evans, who are part of a private committee behind the bid, urged approval of the plan.

Lewis, holder of nine Olympic gold medals in track and field, said the Games are not just an event, "it's about a whole city."

The deal comes with millions of dollars of financial sweeteners for accepting the later date. However, the extra four years pose challenges for Los Angeles from maintaining public interest to rewriting deals for stadiums, arenas and housing that were all hooked to 2024.

City analysts recommended the council approve the contract, which faced an Aug. 18 deadline, but also emphasized a revised budget for 2028 could take months to complete.

"There are inherent risks to hosting such major events so far into the future," city analysts noted in a report on the agreement.

The bulk of the revenue for the Games is expected to come from ticket sales and corporate sponsorships.

Part of the deal includes creation of a reserve fund to cover any cost overruns, with the city kicking in $270 million. The state is expected to commit a similar amount, but because of the legislative calendar the state might not be able to consider its piece of the proposal until next year.

In a statement, Mayor Eric Garcetti called the agreement "the deal of a lifetime."

  • Associated Categories: U.S. News, Associated Press (AP), AP Sports, AP National News, Top U.S. News short headlines, AP World News, AP Business
© Copyright 2017 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: Kenya says president Kenyatta wins 2nd term
The Latest: Kenya says President Uhuru Kenyatta wins 2nd term; opposition calls it 'charade'
3:17PM ( 6 minutes ago )
Los Angeles takes another step toward 2028 Games
Los Angeles City Council votes unanimously for plan to bring 2028 Olympics to the city, despite questions about future costs
3:16PM ( 7 minutes ago )
APNewsBreak: Beyond bluster, US, NKorea in regular contact
Beyond the bluster, the U.S. has been quietly engaged in ongoing diplomatic communications with North Korea over the last several months, The Associated Press has learned.
3:15PM ( 9 minutes ago )
Associated Press (AP)
Iran opposition leader's daughter holds painting exhibition
Daughter of Iran opposition leader Mir Hossein Mousavi, under house arrest since 2011, holds painting exhibition
2:47PM ( 37 minutes ago )
Private submarine sinks; owner held on suspicion of murder
Copenhagen police say the owner of an amateur-built submarine that sank in Denmark's waters has been arrested on suspicion of murder after a journalist who had joined him aboard the vessel was reported missing
2:37PM ( 46 minutes ago )
What does North Korea really want? Its playbook offers clues
Pushing the envelope when the heat is on is what North Korea does best _ but what, ultimately, is Pyongyang trying to accomplish?
2:21PM ( 1 hour ago )
AP World News
The Latest: Kenya says president Kenyatta wins 2nd term
The Latest: Kenya says President Uhuru Kenyatta wins 2nd term; opposition calls it 'charade'
3:17PM ( 6 minutes ago )
APNewsBreak: Beyond bluster, US, NKorea in regular contact
Beyond the bluster, the U.S. has been quietly engaged in ongoing diplomatic communications with North Korea over the last several months, The Associated Press has learned.
3:15PM ( 9 minutes ago )
The Latest: GOP defends Senate leader against Trump attacks
Senate Republicans are rallying in support of Majority Leader Mitch McConnell, pushing back against the onslaught of criticism from President Donald Trump
3:14PM ( 9 minutes ago )
The Latest: Report: Egg scandal suspect denies involvement
Dutch media are reporting that a suspect in Europe's contaminated egg scandal is denying involvement
3:08PM ( 15 minutes ago )
NBC moves 130 Premier League games to streaming service
NBC experiments by moving 130 Premier League games from cable to streaming service
2:52PM ( 31 minutes ago )