LA City Council urged to sign off 2028 Olympics agreement
Los Angeles City Council has been urged to approve contracts between the International Olympic Committee, US Olympic Committee and the newly named Los Angeles bid committee for the 2028 Olympics that will allow the city to get its preparations under way.
Councillors will meet tomorrow to discuss the memorandum of understanding, which provides city representation on the LA 2028 board of directors, gives the city consent rights over significant venue changes within Los Angeles and $270 million of the projected $500 million games budget contingency.
That is an increase of $20 million on what was proposed for Los Angeles' bid to host the 2024 games, which will now be staged in Paris.
LA 2028 said the MoU provisions provide for comprehensive oversight of LA 2028’s plans to deliver the Olympics in a "fiscally-responsible manner" that is consistent with the long-term interests of the city. There will be an additional emphasis on supporting youth sports programming in the years leading up to the 2028 games.
Los Angeles mayor Eric Garcetti said: "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. This new MoU ensures that our city priorities remain front-and-centre in LA 2028’s preparations for the games. 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."
On 31 July, Los Angeles, Paris and the IOC reached agreement for the French capital to stage the 2024 Olympics, paving the way for Los Angeles to play host four years later.
A month earlier the IOC had decided to take the unusual step of awarding two successive editions of the games simultaneously, to take advantage of two strong bids for the 2024 edition from the US city and Paris, and to avoid creating a 'loser' in the race.