The state’s Legislative Analyst’s Office released a report this week diving into the details of what a potential Olympics in Los Angeles would look like. The city is competing with Paris for a bid to host the 2024 games.
The report maps out where athletes would be housed and where different sports events would take place. The L.A. 2024 planning committee has touted the city’s existing infrastructure from the 1984 Olympics as a selling point for hosting the games in California. The games are expected to cost upwards of $5 billion, with funds coming largely from sponsorships, ticket and broadcast revenues.
“Putting on the Olympics now is a much bigger task than it was in 1984,” said Jason Sisney with the Legislative Analyst’s Office.
If Los Angeles receives the bid, the city will host two simultaneous opening and closing ceremonies -- one at the Los Angeles Memorial Coliseum and the other at the planned Los Angeles Stadium. No other Olympics has split the ceremonies before in order to maximize audience size. Tickets at the smaller opening ceremony would cost an average of $300. Tickets at the larger would cost upwards of $1,700.
Last year, the state Legislature passed the 2024 Olympic Games and Paralympic Games Act. The legislation provides a $250 million safety blanket of emergency financial support, in case the games run a deficit.