Financial details of L.A.’s bid for 2024 Olympic Games revealed

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Financial details of L.A.’s bid for 2024 Olympic Games revealed Coliseum

The Coliseum is shown during the 1984 Olympics. (Eric Risberg / Associated Press)

Eric Garcetti International Olympic Committee Los Angeles City Council U.S. Olympic Committee

With Los Angeles poised to become the American bidder for the 2024 Summer Olympics, new financial details about the city’s campaign were revealed Tuesday.
The official bid book created in Mayor Eric Garcetti’s office breaks down the estimated $4.1 billion in costs.
Organizers would spend an estimated $713 million preparing competition venues, the vast majority of which are already in existence but would need some work.

Several other major capital expenses would be shared with private partners, according to the proposal.

A developer would take the lead on an athlete’s village along the L.A. River, with organizers contributing $75 million. The media center would be constructed on the…

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