
One of the most important benefits for hosting the Olympic Games in Los Angeles is the expected flow of money into the city’s coffers via tourists and sponsorships. The 1984 Olympics generated over $200 Million in revenues. Assuming an annual inflation rate of 5%, a similar monetary success story could result in over $850 Million. Of course, we would need to select an entrepreneur like Peter Ueberroth to marshal the financial planning and execution of the 2016 Olympics to guarantee success. Today, Los Angeles is famous for it entertainment, technology, and sports environments. In order to maintain this leadership position in sports, we need to attract and promote mega events like the X Games, Super Bowl, NBA All Star Game, and BCS finale. What world event could be bigger in sports than the Olympics? With the improvement in Internet broadband services and inclusion of professional athletes, watching the Olympics is a necessity for every sport’s aficionado on our planet. While holding this mega event will attract huge revenues to our city, we need an environment that is conducive to many of the outdoor events. Summer weather in Los Angeles is hard to beat anywhere else in the world. The cool breezes at night from the Pacific Ocean offsets the warm Santa Ana winds from the deserts. Because of Los Angeles’ temperate climate conditions, it is an ideal venue for outdoor

Critics opposed to the 2016 Olympics in Los Angeles usually point to the risk of the city absorbing a huge loss like Montreal did in 1976. But much of Montreal’s financial downfall can be traced to poor planning and lack of management skills. Los Angeles learned in 1984 that sound financial backing is essential for the health of the games and does not intend to burden the public with tax payments that have haunted the city of Montreal for over 30 years. A lesser argument for not holding the Olympics in Los Angeles concerns fairness. Since Los Angeles has hosted this worldwide event twice in the past 100 years, other cities should be given a chance. But if the choice of the Games goes to the best-qualified city, then Los Angeles should be judged on an equal basis as the other competing metropolises. Barry Sanders, chairman of the SCCOG best summarizes the reason for bringing the Olympics back to Los Angeles, “It's the city that has the Olympic ideal in its DNA. Los Angeles is emblematic of the Olympic dream, achieving, coming here to achieve your goals.”
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