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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

Cost of Los Angeles 2028 Olympic Games revised to US$7bn

The price of hosting the Los Angeles 2028 Olympics has been revised to US6.88bn – a US$1.36bn increase from the initial cost estimates.

According to the Los Angeles 2028 Olympic Organizing Committee (LAOOC), the hike in cost is mainly down to accounting measures designed to "better reflect inflation" over the long lead-up to the Games.

Independently evaluated by KPMG, the new budget covers the hosting process from start to finish, computed in real dollars to offer a clear picture of financial health over time.

“Our budget is privately funded, realistic and fiscally conservative,” said LA 2028 chair Casey Wasserman.

“We are redefining what it means to host a successful Games and look forward to planning and hosting an amazing experience that will make our community proud.”

The revised cost of US$7bn – while above the original estimation – is still well below that of the most recent Olympic Games.

This is partly down to the LA 2028 Games Plan, which seeks to maximise use of the city’s existing world-class stadiums, training facilities and venue infrastructure.

For comparison, the final cost for London 2012 was around £8.77bn, while the Rio 2016 Games came in at US$13.1bn. Both were well below the estimated £20bn spent on the Beijing 2008 Games, widely believed to be the most costliest in history.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The price of hosting the Los Angeles 2028 Olympics has been revised to US6.88bn – a US$1.36bn increase from the initial cost estimates.
SAR,PRO,EVT,PUB
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Diary dates
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Diary dates
07-10 Apr 2022
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15-16 Jun 2022
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News

Cost of Los Angeles 2028 Olympic Games revised to US$7bn

The price of hosting the Los Angeles 2028 Olympics has been revised to US6.88bn – a US$1.36bn increase from the initial cost estimates.

According to the Los Angeles 2028 Olympic Organizing Committee (LAOOC), the hike in cost is mainly down to accounting measures designed to "better reflect inflation" over the long lead-up to the Games.

Independently evaluated by KPMG, the new budget covers the hosting process from start to finish, computed in real dollars to offer a clear picture of financial health over time.

“Our budget is privately funded, realistic and fiscally conservative,” said LA 2028 chair Casey Wasserman.

“We are redefining what it means to host a successful Games and look forward to planning and hosting an amazing experience that will make our community proud.”

The revised cost of US$7bn – while above the original estimation – is still well below that of the most recent Olympic Games.

This is partly down to the LA 2028 Games Plan, which seeks to maximise use of the city’s existing world-class stadiums, training facilities and venue infrastructure.

For comparison, the final cost for London 2012 was around £8.77bn, while the Rio 2016 Games came in at US$13.1bn. Both were well below the estimated £20bn spent on the Beijing 2008 Games, widely believed to be the most costliest in history.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The price of hosting the Los Angeles 2028 Olympics has been revised to US6.88bn – a US$1.36bn increase from the initial cost estimates.
SAR,PRO,EVT,PUB
imagesX/THUMB341733_788459_188696.jpg

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FIBO Exhibition
FIBO Exhibition
1 - 20 of 12,053
HCM Magazine
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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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People's fitness goals are extremely diverse – ranging from an elite athlete focused on the next goal to someone who dislikes all activity due to chronic back pain.
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A £22 million redevelopment project will be unveiled at Grange Paddocks Leisure Centre, as part of the official launch of the state-of-the-art centre.
Featured operator news
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Company profiles
Company profile: Mindbody
Mindbody is the leading technology platform for the wellness industry, featuring an app that allows ...
Company profiles
Company profile: Technogym UK Ltd
Technogym offers a complete ecosystem of connected smart equipment, digital services, on-demand training experiences and ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Salt therapy products
Saltability: Salt therapy products
Skincare
Sothys: Skincare
trade associations
International SPA Association - iSPA: trade associations
Spa software
SpaBooker: Spa software
Red Light Therapy
 Red Light Rising: Red Light Therapy
Lockers/interior design
Fitlockers: Lockers/interior design
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Wearable technology solutions
MyZone: Wearable technology solutions
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Management software
Premier Software Solutions: Management software
Property & Tenders
Welwyn Garden City
Welwyn Hatfield Borough Council
Property & Tenders
Newport, Shropshire
Lilleshall Sports Academy
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Diary dates
01-03 Feb 2022
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
07-10 Apr 2022
Exhibition Centre , Cologne, Germany
Diary dates
15-16 Jun 2022
ExCeL London, London, United Kingdom
Diary dates
01-07 Dec 2022
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Diary dates
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