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Los Angeles 2024 Olympics bid
The U.S. Olympic Committee and Los Angeles officials have come to an agreement in their negotiations over the city serving as the U.S. bidder for the 2024 Olympic Games. The Los Angeles City Council still must vote on Tuesday September 1, 2015 to move the process along. However, city analysts warned earlier this week that construction costs for athlete housing in Los Angeles’ 2024 bid might be significantly underestimated.
The cost of acquiring land and building an Olympic Village for athletes near downtown Los Angeles “may significantly exceed” the projected $1 billion cost, according to a preliminary report
This time around, L.A. had to compete against other international cities vying to host the games. No other city wanted to host the 1984 Olympics, so when L.A. was chosen by the USOC, it became the International Olympic Committee’s de facto choice. L.A. has to face competitors including Paris, Hamburg, Rome and Budapest.
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