Oversight committee recommended for LA 2024 Olympic bid



The state’s Legislative Analyst’s Office is recommending the legislature appoint an oversight committee to the Los Angeles bid to host the 2024 Olympic Games.

A LAO report on the Los Angeles bid released Thursday also concludes that the Games will have little long-term economic impact on the region and raises questions about whether state agencies will demand to be reimbursed for Olympic-related costs.

Governor Jerry Brown recently signed SB 1465, which created the state-funded Olympic Games Trust, which would pay up to $250 million to cover cost overruns related to the Games. The would begin only after LA 2024’s private insurance payouts are exhausted and the City of Los Angeles contributes $250 million.

Los Angeles 2024 officials have projected a $4.27 billion budget for the Games, which are expected…


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