The Los Angeles City Council rushed and voted to approve budget demands for the 2028 Olympic Games deal. Unlike previous Olympics the IOC or International Olympic Committee is making deals/not using a biding process to keep the games going because not too many countries/cites want to host them.
http://deadspin.com/l-a-city-council-hand-waves-its-way-to-unanimous-2028-1797786751
Basically they agreed to absorb or cover cost overruns for the 2028 summer games estimated to cost over 5 BILLION dollars to host.
Personally since the Olympic are not as coveted as in years past they should hold out/force the IOC to cover any and all cost for hosting the games.
https://www.bloomberg.com/news/articles/2017-07-13/why-no-one-wants-the-olympics
https://www.theguardian.com/sport/2015/jul/28/the-olympics-are-dead-why-should-anyone-want-be-a-host-city-anymore
Some complaints include the rushed nature of the vote and lack of studying & planning the budget for an event 11 years away. One report had protestors saying similar commitments should be made for the benefit of residents on domestic issues.
http://deadspin.com/l-a-city-council-hand-waves-its-way-to-unanimous-2028-1797786751
Basically they agreed to absorb or cover cost overruns for the 2028 summer games estimated to cost over 5 BILLION dollars to host.
Personally since the Olympic are not as coveted as in years past they should hold out/force the IOC to cover any and all cost for hosting the games.
https://www.bloomberg.com/news/articles/2017-07-13/why-no-one-wants-the-olympics
https://www.theguardian.com/sport/2015/jul/28/the-olympics-are-dead-why-should-anyone-want-be-a-host-city-anymore
Some complaints include the rushed nature of the vote and lack of studying & planning the budget for an event 11 years away. One report had protestors saying similar commitments should be made for the benefit of residents on domestic issues.