Olympic Village May ‘Significantly Exceed’ $1-Billion Cost Estimate: City Analysts

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An artist’s rendering of downtown Los Angeles during the 2024 Summer Olympic Games. (Credit: LA24)

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A new report from city analysts raises concerns about Los Angeles Mayor Eric Garcetti’s plan to host the 2024 Summer Olympics, pointing to missing budgetary details and questioning the feasibility and cost of building a downtown Olympic village for 17,000 athletes.

On the eve of the Los Angeles City Council’s first meetings to discuss the city’s Olympic bid, the report issued jointly Thursday night by City Administrative Officer Miguel Santana and Chief Legislative Analyst Sharon Tso urges further study of the plan and states analysts “cannot verify, validate or further explain” the proposal’s budgetary projections.

Click here to read the full story on LATimes.com.

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