FILE PHOTO - City Council President Herb Wesson speaks at the podium, alongside (L) Los Angeles Mayor Garcetti and LA 2024 Bid Chairman Casey Wasserman during the announcement that the city of Los Angeles will host the 2028 Olympic Games in Carson, California, U.S. July 31, 2017. REUTERS/Mike Blake
LOS ANGELES (Reuters) - The Los Angeles City Council on Friday voted unanimously to authorise the city to sign a contract with the International Olympic Committee (IOC) to host the 2028 Summer Games.
The contract gives the city a greater share of any financial surplus from the Games and includes an IOC contribution of $2 billion but also leaves Los Angeles to cover any cost overruns associated with the $5.3 billion sporting event.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
