The plan to bring the Olympics back to Los Angeles for a third time has become a little clearer with city officials offering additional details about how they would stage the massive sporting event.
Their $4.1-billion bid proposal for the 2024 Summer Games — contained in a 218-page book made public Tuesday — shows they expect private-sector partners to pay more than $1.7 billion in additional venue costs.
The proposal also contains more detailed revenue projections, with an estimated $4.8 billion from ticket sales, broadcast rights and corporate sponsorships generating a $161-million surplus.
The campaign for 2024 begins in mid-September, the deadline for submissions to the International Olympic Committee. Los Angeles is expected to be the U.S. candidate, stepping in for the original choice, Boston, which withdrew amid cost concerns.
The host city will be chosen in 2017. Paris and Rome are considered the main competition for final selection.
Mayor Eric Garcetti had previously given limited information about the bid, but with the Los Angeles City Council considering the matter this week, sports executive Casey Wasserman — who has worked closely with Garcetti — posted a link to the proposal on Twitter.