Olympics : LA city to get more oversight in competition agreement

Los Angeles City Council approves contracts with IOC to host 2028 Olympics

Los Angeles appears poised to take another step toward the 2028 Olympics, despite questions about future costs. The City Council is scheduled to make its decision Friday, a week before that deadline.

LA 2028 released its Memorandum of Understanding with the city and the United States Olympic Committee on August 9, outlining the new provisions given to the City Council to ensure nothing goes awry with an extra four years of lead time before the Games return to LA.

City officials told the Los Angeles Times the International Olympic Committee has given Los Angeles an August 18 deadline for the paperwork to be completed. They endorsed the bid in January after receiving a budget and an independent analysis of the spending plan, which were provided more than a month in advance. The IOC has reached a tripartite agreement with the cities of Paris and Los Angeles to forego the usual host city election and give the 2024 edition to Paris followed by LA in 2028.

Despite not yet having a full budget, both the Office of the Chief Legislative Analyst and the Office of the Chief Administrative Officer have recommended that the City Council approve the host city contract and MOU.

"Ce n'est pas vraiment un front anti-PSG, mais…" — Aulas
Tout le monde craint une inflation totalement déraisonnable des transferts et des salaires. Et ce même si, selon lui, le PSG ne risque pas grand-chose venant de la part de l'UEFA...

"My top priorities in this process are to protect Los Angeles taxpayers and create new opportunities for young Angelenos to play sports, and be healthy", LA Mayor Eric Garcetti said in a statement.

The memo would provide City representation on the LA 2028 Board of Directors, gives the City consent rights over significant venue changes within the City of Los Angeles and $270 million of the projected $500 million Games budget contingency and more frequent LA 2028 presentations and updates to the City Council in the first three years.

With the legislature in recess, it is impossible to immediately guarantee they will approve the same amount for 2028. "Under the City's leadership, we can be sure that the up to $160 million we will receive to fund youth sports programs from LA 2028 will be put to the best, most impactful use".

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