Blog / The Business Perspective

The Excitement Builds for a 2024 Olympics in Los Angeles

As the 2016 Olympics came to a close Sunday night, there are number of indelible images that will forever signify Rio 2016. Gymnast Simone Biles tumbling through the air on her way to a record four gold medals. Swimmer Katie Ledecky shattering world records in a class all her own. Michael Phelps coming out of retirement after finding joy in his sport again to claim an additional six medals for himself and the United States. 

We also saw the Olympic spirit in less heralded moments. The bravery of the first ever IOC Refugee Team; the grace of the American and New Zealand runners who fell into each other and then urged one another across the finish line long after the race was over; the strength of the German gymnast who battled through a pommel horse routine with an injured Achilles in the hope he could give his team the chance to advance.  

The 558 American athletes brought home a total of 121 medals, 46 of which were gold, to top our previous high of 110 in Beijing in 2008. Athletes from UCLA and USC brought home 30 medals. The golden state and athletes from around the world made their mark in Rio. We salute you all. Thanks for the memories.

Per tradition, the closing ceremonies included the passing of the Olympic flag from Brazil to the 2020 host Yuriko Koike, the first female Governor of Tokyo. As Japan's Prime Minister Shinzo Abe appeared on the field dressed as Nintendo’s Super Mario to unveil the 2020 logo, it was exciting to imagine the show that L.A. could put on for the world in 2024. 

The eyes of the LA 2024 bid committee now turn to Lima, Peru where in September 2017, the International Olympic Committee (IOC) will select the 2024 host from four candidates - Los Angeles, Paris, Budapest and Rome. Mayor Eric Garcetti and LA2024 leadership spent the last two weeks in Rio, making the case for bringing the Olympics back to Los Angeles

Locally, we will spend the next year making progress on plans to modernize and expand our transportation infrastructure. Private investment will upgrade the Coliseum and begin building two new stadiums for football and soccer teams that can be utilized during the Olympics. And as the Sacramento legislative year comes to a close, the Chamber is advocating for SB 1465, authored by Senate President pro Tem Kevin de Leon and Assembly Speaker Anthony Rendon, which would demonstrate the entire State of California’s commitment to LA 2024.

It is exciting to think about a closing ceremony in Tokyo on Aug. 9, 2020 in which Los Angeles, California and U.S. officials announce to the world “See you in Los Angeles in 2024.”

And that's The Business Perspective

 

 

 

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While The Olympics Games are fantastic for athletes and spectators and the world of spots at large, I do not understand why any city would bid for a possibility to host. L.A. and California with its increasing water shortage may be in deep trouble in 2024. The gamble of wild fires and water shortage has already taken on Olympic proportions in the state. Stay away from another financially and environmentally disaster. Take care you the homeless instead if displacing them for an Olympic venue.

On a more permanent note, I do not understand is why two permanent venues as not selected, one for Summer Olympics and one for Winter Olympics, where buildings and venues could be reused over many decades. The Olympics could then be held every second year instead of every fourth year. Each participating country should pay for the games to be held at those permanent venues.

I suggest Athens and Lillehammer, or Rio and Sochi, or Pyeongchang and Beijing

Thanks for asking for my thoughts.
Posted by: Fred Olsson @ 1:24:53 pm