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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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LA Is Making a Low-Cost, Low-Risk Pitch for the 2024 Olympics

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July 11, 2017, 8:55 AM ET
Ronald Reagan Speaks at Olympic Opening Ceremony
President Ronald Reagan speaks at the opening ceremony of the 1984 Summer Olympic Games in Los Angeles, California.Wally McNamee Getty Images
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Los Angeles could deliver a low-cost, low-risk model for the Olympic Games, officials outlining its 2024 candidacy to the International Olympic Committee said on Tuesday.

Bid chairman Casey Wasserman said in LA’s penultimate presentation to IOC members before the Sept. 13 vote that the city, competing with Paris, would serve the Olympic movement.

“We don’t believe in ultimatums. We don’t believe this decision is only about us or Paris or 2024. This about the future direction of the Olympic movement,” Wasserman said.

Read: Intel Will Be a Major Sponsor at the Olympics

And he again left the door open for the 2028 Olympics, with Paris widely seen as the frontrunner for the 2024 event. The French capital, led by recently-elected French President Emmanuel Macron, will present its project later on Tuesday.

The IOC will then vote on whether to ratify its executive board’s recommendation to award on Sept. 13. both the 2024 Olympics and the 2028 Games at the same time.

Read: Boston’s ban on anti-Olympics talk is unproductive

Multiple Olympic track and field champion and LA bid official Allyson Felix said IOC members had asked about 2028.

“We clarified the focus is on 2024, but we would be blessed to have any Games,” Felix said.

Wasserman had earlier stressed the importance of the decision on 2024.

“This decision is about the future direction of the Olympic Movement. Our objective is to best serve your (the IOC’s) needs, not only ours,” he said

“We are offering a city ready to go. We are offering a Games with no incremental costs. We are offering a lasting definition of Olympic sustainability.”

Four other cities — Hamburg, Rome, Budapest and Boston — have withdrawn bids, scared off by the size and cost of the Games, forcing the IOC to recommend the double awarding to make it more attractive for potential hosts.

LA officials highlighted its privately-funded model, while stressing the involvement of the U.S. in the wider Olympic movement with thousands of foreign athletes training at U.S. colleges.

“We need bold new solutions and bold new thinking,” LA mayor Eric Garcetti told reporters. “We want to leave something different.”

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