LOS ANGELES (AP) — With 97 percent of the venues in existence or already planned by private investors, organizers of Los Angeles’ bid for the 2024 Olympics are promising a prudent and responsible approach to running the games that would be entirely privately financed.
On Wednesday, LA24 officials released a 64-page report submitted to the International Olympic Committee detailing their vision and concept for bringing the Olympics back to Los Angeles for a third time.
Organizers say that within three weeks of launching their bid last September they secured $35 million in cash commitments from private donors.
The committee is emphasizing the city won’t require any extra infrastructure beyond what is already planned for the vast, traffic-choked region over the coming years, including an expansion of several rail lines and the first direct transit link to the city’s main airport, which is currently undergoing a $14 billion modernization.
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