(ATR) The Los Angeles City Council vote on the L.A. 2024 bid will likely happen on Tuesday, September 1.
The council began discussions and hearings regarding the bid proposal on Wednesday. An ad hoc committee for the 2024 Summer Olympics was created at the initial meeting.
After two days of hearings, the council remains undecided on moving forward with the bid proposal. USOC communications chief Patrick Sandusky tells Around the Rings the vote will now likely happen on Tuesday.
On Friday, the committee will continue to review and discuss the 218-page bid book that was released by the L.A. 2024 bid team Tuesday afternoon. The bid book projects over $150 million in surplus from revenues obtained hosting the Games.
Delaying the vote to Tuesday allows the council to fully examine the lengthy bid book as well as provide the opportunity for those in favor of the bid to present their case for approval.
Bid leader Casey Wasserman will present on behalf of L.A. 2024. The council will also hear presentations from the L.A. ’84 Foundation regarding the legacy the 1984 Olympics left on the city and the effects it had on the local economy.
Approval by the council would allow Los Angeles Mayor Eric Garcetti to sign and execute a host city agreement with the USOC as well as the IOC that would make the city financially liable for any cost overruns of the Olympics.
Garcetti says the risks to the city are minimal.
"On the one-to-five hot scale — one being the coldest — my personal assessment, for what it's worth, is about a one.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," Garcetti said.
If the council approves the bid proposal Tuesday, the USOC and L.A. 2024 will have two weeks to prepare a final bid to submit to the IOC by the September 15 deadline.
Written by Kevin Nutley
20 Years at #1: Your best source of news about the Olympics is AroundTheRings.com, for subscribers only.
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