LA officials ponder $4.1 billion 2024 Olympic bid proposal

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LOS ANGELES: The Los Angeles city council is reviewing a $4.1 billion bid proposal for the 2024 Summer Olympics that backers say could produce a surplus of $161 million if the city is awarded a third Summer Games. A 218-page bid book made public on Tuesday shows plans for a Los Angeles Games rely on private-sector partners to pay more than $1.7 billion in venue costs and includes revenue projections such as $4.8 billion from ticket sales, broadcast rights and corporate sponsorships.

AFP

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