And on Wednesday, the Los Angeles City Council unanimously granted final approval to the city’s bid for the 2024 Olympics, taking the step Boston and many others never did. “It’s basically sound,” said Smith College economist Andrew Zimbalist, who wrote the book on the financial risks the Olympics pose to cities and their taxpayers. But Los Angeles is once again following the same principles that made the ‘84 Games such a success. The Los Angeles Coliseum, originally built for the 1932 Olympics, will again serve as the centerpiece of the games, along with a new NFL stadium set to open in Inglewood in 2019. When LA 2024 announced its final three proposed venues this month, chairman Casey Wasserman boasted that a Los Angeles Olympics won’t require any new construction — instead, it will rely entirely on existing, already planned or temporary venues.

Source: Huffington Post January 28, 2017 13:10 UTC