LA was profitable on the 84 Olympic Video games. The 2028 video games might be uncared for

Micah Maʻa, California Governor Gavin Newsom, Janet Evans, Chief Athlete Officer, La28, Mayor of Los Angeles, Karen Bass, Delaney Schnell, and the chairman of La28 and President Casey Wassman, as the Olympic flag arrives in Los Angeles, California.

Emma Mcintyre | Getty Images Entertainment | Getty pictures

Los Angeles achieved a rare performance in 1984: the city made profits at the Summer Olympics. It looks like it is not easy in 2028. And that could come for the city at a bad time.

“The city of La, financially we are in difficulties,” controller Kenneth Mejia recently wrote in a letter to the mayor Karen Bass and the city council. Less sales and higher expenses increase a forecast deficiency of $ 140 million and an additional decrease of $ 73 million in the current financial year next year.

Los Angeles is “issued” by 300 million US dollars, wrote Meija. A top official of the city budget recently estimated that the budget deficit could reach $ 1 billion in the next financial year. Last week, the state's legislators applied for further funds of 1.9 billion US dollars after receiving 2.5 billion US dollars to support the city's recovery efforts from the forest fires in January.

LA28, which organizes private, non-profit companies that organize the 2028 games, has a budget of $ 6.9 billion, which is financed by corporate sponsorship, license agreements and a significant contribution to the International Olympic Committee. The budget covers expenses such as renting sporting arenas, personnel costs and housing athletes.

However, if the Budget of the Olympic Games does not add up exactly as planned, taxpayers could pay part of the invoice, and the LA and its Olympics Committee are aware of the risks of overlay estimates. In 2019, the La28 budget was increased by $ 1.36 billion. If the La28 budget is still not sufficient, the city of Los Angeles will be responsible for the next 270 million US dollars. After that, the California state government will be responsible for the next 270 million dollars -with the next 270 million US dollars, then again the financial burden of LA.

The cities of the Olympic Games have a long history of financial failure

If the recent history is an indicator, it is fair to worry that the Summer Olympics in 2028 will take over the budget. In the past 60 years of the catering, almost no profitable or budget had remained.

The Olympic Games in Australia from 2000 were 90%after the budget after they had spent over 5 billion US dollars. The Olympic Games in Athens from 2004 were around 50% over the budget with 3 billion US dollars due to exceeding and growing debts. The 2016 Summer Olympics cost Rio de Janeiro and reported 20 billion US dollars. The Olympic Games were so unprofitable that when London broke out with the summer games in 2012, some rated some as a success.

Miles Osgood, professor at Stanford University and Olympics researchers, says that the organizers of LA, who support themselves from 1984 on the classroom, have made responsible budget plans that include the city in the games compared to other recent cities. As in 1984, La plans to use locations and structures that are already available and save the costs in connection with new buildings. The use of existing venues is expected to save over 150 million US dollars.

But the profit of over 200 million US dollars that Los Angeles generated that it lasted in the last time she organized the games in 1984 under the circumstances that differed far as today. In particular, the games are much larger. In 2028, LA will be 36 Olympic sports instead of 21 instead of 21 1984 there were 221 events and 6,829 athletes. In 2028, 800 events with 15,000 athletes will take place. The larger numbers multiply the associated costs (e.g. security, transport, employees, rooms in the Olympic Village) “, who get a mushroom out of these basic numbers,” said Osgood.

Even before the forest fires introduced an unexpected financial and infrastructure challenge for LA, an important mood against the Olympic Games was located in the city. Osgood noted that Los Angeles is a movement for the “Nolympics” campaign, a movement Among other things, the real estate crisis and the lack of local democracy deals with the planning of the games. It tried to uncover the bad offers, always complete the hosts when the Olympic Games are greeted, and the group has been loud since the forest fires.

Despite the criticism, La is confident that the games will be assessed as a success. Paul Krekorian, President of the City Council of Los Angeles, recently told the New York Times: “I think the 2028 games will go to Los Angeles in a similar way since the coming generations.”

Tim Clayton – Corbis | Corbis Sport | Getty pictures

For many residents who still take up the life parts of life at home, the typical spirit, which is associated with the host of the Olympic Games related to the Olympic Games, may not traditionally record their mood in a traditional way. “In 2028, if entire neighborhoods may still clarify the ashes, the Olympic flame will not be a welcome symbol,” said Osgood. “You can easily imagine how Las Olympic slogan 'episode of the sun' follows', as demonstrators call instead to follow the money,” he added.

The forest fires in mid -January displaced tens of thousands of California and over 18,000 structures.

It is estimated that the recent forest fires will cost insured losses of around 40 billion US dollars.

From the point of view of the infrastructure, the forest fires should not be a problem. None of the venues of the 2028 Olympic Games were damaged by the fires. The UCLA, which is supposed to act as an athlete of the Olympic Village Housing athlete, was created intact. Experts say that for many of the athletes who take part in the 2028 games, it will probably still be the venue.

But Meija recently said that the fiscal stress of the city in view of the forest fires could not come at a worse time. “We changed from the record levels of the general fund reserves to the brink of the official explanation for a 'fiscal emergency' 18 months ago,” he said. “This additional burden on the budget is the growing responsibility for preparing for the Olympic and Paralympic Games in 2028.”

While forest fires in California are not an unusual event, the extent of the destruction for houses, business and public infrastructure, according to Matthew Burank, a professor of the University of Utah, is usually in the LA region in the LA region, which has worked in detail on the urban politics of the Olympics.

It may take several years for Los Angeles to be rebuilt, but Burank said that he does not expect the forest fires to have a direct impact on the planning of the Olympic Games or that they are currently being diverted for the games from the Olympic Games to Wildfire. “It is more likely that the city's approach would hope to budget costs that they would not occur, and if this is the case, the city must then find out how these costs can pay,” he said.

But he added that it did not deny that a forest fire lasting several years has rebuilt the general effect on the public financial situation.

“There can be permanent effects on state and local government examinations that last in 2028 and beyond,” he said.

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