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August 27, 2015

LA says it will cost $4.1B to host the Olympics

  • Improvements would be made to the Coliseum and an Olympic Village would be built for athletes.
    • By MICHAEL R. BLOOD
    Associated Press

    LOS ANGELES — Anxiety over taxpayer costs helped cripple Boston’s 2024 Olympic bid, but organizers in potential stand-in Los Angeles projected that they could stage events from Santa Monica Beach to the Hollywood Hills and bank a $161 million surplus.

    Los Angeles, which hosted the 1932 and 1984 Olympics, is viewed as the likely replacement for Boston’s failed bid because the city’s many existing venues could help keep costs low.


     
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