The Los Angeles Olympics will empty the pockets of the Americans.
As Los Angeles prepares to host the Olympics, concerns have grown about the event's high costs and how they will be funded.
Organizers initially budgeted $5.3 billion for the 2028 Games, but that figure has now reached $7.3 billion. This increase in the figure, together with the separate costs of infrastructure and transport, created new questions about the final accommodation bill.
One of Los Angeles' main pledges to lower costs was to use existing sports facilities and avoid building new permanent stadiums. This policy, known as the "no construction" philosophy, is supposed to reduce the financial risk of hosting; However, that doesn't mean games are cheap to make.
The public transportation company in Los Angeles (Metro) requested $379 million in aid from the state of California, which is not included in the state's fiscal year budget for 2027, to implement the programs required for the Olympics. On the other hand, 875 million dollars of federal credit required for this sector was also blocked in Congress and its fate is unknown.
Transportation officials have warned that unless federal resources are provided by the end of 2026, it will be difficult to plan and supply buses, hire drivers and prepare the facilities needed to handle the amount of Olympic passengers.