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Los Angeles 2028 Olympic Games Planners See Economic Upside

The Summer Games will be the third for Los Angeles as host, but it will be a challenge to repeat the financial success of 1984.The New York Times reports that Los Angeles is gearing up to host the 2028 Summer Olympics, marking the city’s third time as host. However, the city faces the challenge of replicating the financial success of the 1984 Games. With the Paris Olympics on the horizon, Los Angeles is already looking ahead and preparing for the influx of visitors.

Construction crews have been working tirelessly to improve the city’s infrastructure in order to accommodate the hundreds of thousands of visitors expected to attend the Games. Three major projects, including expanding the rail system, revamping the airport, and renovating the downtown convention center, will have a lasting impact on the region. These projects are being funded through a combination of federal and city dollars, as well as airport fees. Additionally, the city expects to generate revenue through tourist spending during the Games.

While some skeptics believe that hosting the Olympics could be a financial burden, the city sees it as an opportunity to generate profit. In 2019, then-mayor Eric Garcetti stated that he expected the city to make a $1 billion profit from hosting the Games. For current mayor Karen Bass, the Olympics are not just about showcasing popular attractions like Hollywood and Venice Beach, but also about promoting small businesses throughout the city.

Ms. Bass emphasized the importance of ensuring that everyone benefits from the Games, not just major corporations. She hopes to use the Olympics as a platform to showcase the diverse cultures and communities within the city, such as Little Bangladesh, Little Ethiopia, and Little Armenia. Ultimately, the success of the 2028 Olympics will be determined by the positive impact it has on the entire city. 

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