"I believe either 2024 or 2028 is a good expectation for Los Angeles and the people here. On one hand, the city's infrastructure will be greatly promoted and more public transportations will be completed. On the other hand, the Games will also bring some economic benefits to the city, such as tourism." John Zhang who is Doctor of Public Policy in Claremont University told Xinhua Saturday.
However, when they calmed down, they found that they are facing a new problem -- how to convince the council to approve the agreement without inspecting a budget plan for 2028 Olympic Games, which can not be worked out in two weeks definitely although some officials explained that there won't be much difference on the budget between 2024 and 2028.
A risks analysis report was released by the offices of the city administrative and chief legislative analyst, concerning some uncertainties and risks for hosting the 2028 Games. The report pointed out that four years could bring more uncertainties, both political and economic. For example, the city needs a 250 million U.S dollars guarantee assurance from the state to cover the cost, meanwhile, 11 years would increase the amount because of inflation.
So far, not a single host city in history had accomplished the Games within their original budget, Los Angeles Times cited the report last Friday, warning that the costs of 2020 Tokyo Olympic Games would exceed up to three or even four times of its initial plan.
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2020-09-15
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