POSTED: August 28th 2015

Los Angeles City Council poised for a vote next Tuesday on the 2024 Olympic bid

Los Angeles skyline / Bigstock
Los Angeles skyline / Bigstock

LAURA WALDEN (USA) / Sports Features Communications

(SFC) The Los Angeles City Council has postponed their vote to endorse or not the city's bid for the Olympics until next week in order to better study the lengthy proposal that has been put forth to them. The proposal is widely expected to be approved giving Mayor Eric Garcetti the power to sign a Host City contract. has learned that there was an initial hearing on Wednesday in which the City Council agreed to form the Ad Hoc Committee on the 2024 Summer Olympics, and there will be further hearings today.  

This will give the City Council time to examine the 220-page bid book and the detailed budget in depth, and will give the bid committee and their supporting partners time to put together a strong case.

Casey Wasserman and AECOM's Bill Hanway will represent LA 2024, and the Council will also hear from the LA84 Foundation.

International Olympic Committee (IOC) Executive Board Member Anita DeFrantz is the sitting president of the LA84 Foundation which has perpetuated an indelible tangible legacy on Southern California giving back over $220 million dollars to help foster grassroots sports activities. DeFrantz has also been at the helm since the Foundation was established decades ago with the proceeds of the last successful Los Angeles Olympics.

The LA84 Foundation is a unique legacy for an Olympic Games and has greatly enhanced local youth sports.

The financials are a top priority for the LA City Council and especially the risk factor.

LA Mayor Garcetti said to the Los Angeles Daily News, "On the risk factor, I professionally believe as somebody who does budgets ... that we have a much higher probability of profits above what we are putting for the surplus than not.

"I think it's much, much more probable that we'll have a lot of revenue sources that come from this than worrying about the loss.

He also believes the profits should go back to the city instead of a Foundation explaining, "I think that should come back to the city that bears the risk."

The recently held Special Olympics helped to fan the flame of a new Olympic Dream for the "City of Angels" which is already being hailed as a favorite in the 2024 bid race.

The LA Chamber of Commerce also posted this statement on their website:

"A Los Angeles bid to host the 2024 Summer Olympics needs to be submitted prior to Labor Day and the Los Angeles Area Chamber of Commerce is pledging its support to Mayor Eric Garcetti and Bid Committee Chairman Casey Wasserman. The endorsement was provided by the Chamber's Executive Committee, in a unanimous vote, at its meeting last week.

The pride, excitement and economic stimulus provided by the recently completed Special Olympics World Games - July 25 - Aug. 2 - in L.A. was a reminder to all of how effective and efficient the businesses, governmental organizations and volunteers of L.A. City and County can be in hosting the world. While on a smaller scale, the Special Olympics World Games conjured up vivid memories of the successful 1984 Olympics and the legacy of the 1932 Olympics.

The Chamber's support for the 2024 Olympic bid is not based on emotion or nostalgia, it is based on economic opportunity and mobilizing our region around the completion of infrastructure projects that will benefit the citizens of L.A. City and County for generations. Just like hosting the 1984 Olympics was the catalyst for a major renovation of LAX, the 2024 Olympics will create the urgency we need to complete projects like transit service to LAX via an automated people mover from the Crenshaw Line to the terminals. This improvement and many others will serve residents and visitors to Southern California for generations.

Unlike many cities that have built temporary venues for the Olympic Games, L.A. has built venues that have served the community for decades. With a laser focus on cost control, a strong and experienced team to negotiate with the U.S. Olympic Committee and the International Olympic Committee, and a local organizing committee that contains the best talent our region has to offer, a L.A. bid can deliver the same benefits that our region enjoyed during the 1984 Olympics and continues to enjoy today. The purpose of hosting the 2024 Olympics will be to build for the future, not simply to promote for the future. The results have the potential to be both exciting and visionary and the Chamber is proud to voice its support."

There is a very different wind blowing in Los Angeles compared to Boston for the 2024 Games.

**LAURA WALDEN has over twenty-five years of experience in the Olympic Movement, formerly at the European Olympic Committees with SportEurope under former IOC President Dr. Jacques Rogge and IOC Member Mario Pescante. She worked with the Rome 2004 and Turin 2006 Olympic bids and also managed PR & media for Dr. Jacques Rogge during his campaign for the presidency.

Keywords · Olympics · Los Angeles 2024

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