Cash has been pouring in the 2028 Los Angeles Olympics for years now. . While the $14 billion facelift of LAX and a $20 billion Metro expansion isn’t tied directly to the Olympics, those projects were certainly approved and streamlined with the games in mind.
But can L.A. make the Olympics profitable? Plenty of host cities have tried in the past, but few have succeeded.
KNX News Chief Correspondent Charles Feldman spoke to Barry Sanders (not that Barry Sanders), who served as chairman of the Southern California Committee for the Olympic Games and as a director of LA2028, the group that successfully bid to bring the Olympics to L.A.
“If you’re predicting four years in advance, you’re always speculating,” he said. “The fact, though, is that if done properly, and with putting aside major events like a COVID epidemic or something like that, or war, or cancellation of the games at the …