Los Angeles 2024
LA 2024

LA 2024 Olympic bid budget one-quarter the size of Tokyo 2020

Leave a comment

The Los Angeles bid committee for the 2024 Olympics released details of a nearly unheard-of budget plan Friday, insisting $5.3 billion will be enough to cover both operational and infrastructure costs for an Olympics that won’t need any new, permanent stadiums.

The cost would be less than half that of the recently completed Rio Games and about a quarter of Tokyo’s ballooning budget for the 2020 Olympics.

It also defies convention in the Olympic bidding business, in which cities traditionally deal with two figures — one for operational costs and one for “non-Olympics” costs that cover capital and infrastructure.

Bid officials say they can do this because more than 30 venues already exist in the L.A. area and those that don’t will be built as temporary structures. The bid folded in $1.2 billion for infrastructure, which would primarily be used for temporary venues and to bring existing ones up to Olympic standards.

“If LA is chosen to host the 2024 Games, the IOC does not have to worry about changing or evolving budgets, shifting competition venues or uncertainty about the delivery of the Games,” bid chairman Casey Wasserman said.

Los Angeles is going against Paris and Budapest, Hungary. Preliminary figures for Paris called for an infrastructure budget of $4.5 billion and operational costs of $4.8 billion, with 95 percent of the city’s proposed venues either temporary or already in existence. The next deadline for cities to submit candidate files, which will include updated budget figures, is Feb. 3. The Games will be awarded next September.

Gone from Los Angeles’ budget was a one-time projected surplus of $161 million. In its place is a $491 million contingency fund that would cover cost overruns.

Wasserman said all the figures are conservative and the numbers come in low because no major construction projects are needed. Los Angeles has already committed to more than $200 billion in transit and airport projects, regardless of whether it wins the Olympic bid. Often, projects such as those get approved in conjunction with an Olympic bid.

In providing a $5.3 billion budget, Los Angeles is playing to the International Olympic Committee’s attempt to keep costs — and building — in check; decades of runaway spending have greatly reduced interest in hosting.

Rio de Janeiro is expected to come in with a bill of between $10 billion and $12 billion for its recently completed Olympics.

Meanwhile, Los Angeles released its figures only hours after an IOC vice president called Tokyo’s $20 billion budget unacceptable. A government panel in Japan has said costs could reach $30 billion, more than four times the initial estimate.

Wasserman said the IOC will not be surprised when it sees all items wrapped into a single L.A. budget.

“The process has been very open and transparent,” he said.

The budget was also being independently reviewed by the accounting firm KPMG, which was expected to release its findings later Friday.

The bid’s top revenue sources are domestic sponsorship ($1.93 billion), ticketing ($1.47 billion) and IOC contributions from broadcasting ($855 million) and sponsorship ($453 million).

VIDEO: Los Angeles Olympic bid venues

Russian skiers stay suspended awaiting Olympic doping cases

Getty Images
Leave a comment

LAUSANNE, Switzerland — Six Russian cross-country skiers will stay suspended until an IOC panel judges if they were part of a state-backed doping conspiracy at the 2014 Sochi Olympics.

The Court of Arbitration for Sport says the Olympic commission – chaired by International Olympic Committee member Denis Oswald – should deliver rulings “during the summer period.”

The court says the skiers will stay provisionally suspended until at least Oct. 31. They include Alexander Legkov, the Olympic 50-kilometer freestyle champion, and Maxim Vylegzhanin, a three-time silver medalist at Sochi.

The skiers appealed against interim bans imposed by the International Ski Federation in December after they were implicated by World Anti-Doping Agency investigator Richard McLaren.

CAS hearings this month did not examine detailed doping allegations against Legkov, Vylegzhanin, Alexey Petukhov, Evgenia Shapovalova, Evgeniy Belov and Julia Ivanova.

Tori Bowie upsets Elaine Thompson; Gatlin, Felix struggle at Pre

Leave a comment

Tori Bowie ran a statement 200m at the Pre Classic, clocking the fastest-ever time before the month of June and upsetting Olympic champion Elaine Thompson of Jamaica.

And she called it a training race.

“My coach made it clear that we were just training for nationals,” Bowie, huffing and puffing after winning in 21.77 seconds, told Lewis Johnson on NBC. “No pressure at all.”

Bowie, the Olympic 100m silver medalist and 200m bronze medalist, beat her personal best by .22 of a second.

While Bowie starred, U.S. stalwarts Allyson Felix and Justin Gatlin dropped to fifth-place finishes Saturday.

Full Pre Classic results are here.

Athletes are preparing for the U.S. Championships from June 23-25, a qualifying meet for the world championships in London in August.

Felix finished fifth in the 200m behind Bowie, Olympic 400m champion Shaunae Miller, Thompson and Olympic 200m silver medalist Dafne Schippers.

“Not that great, not that great today,” Felix said, according to meet officials. “I feel like my training is going well, it was good to get out here and see where I was at.”

Felix has a bye into the worlds in the 400m as defending world champion but is no longer a medal favorite in the 200m, where she won Olympic silver in 2004 and 2008 and gold in 2012. She clocked 22.33 seconds for fifth Saturday, which was .35 behind third-place Thompson.

Felix missed the 2016 Olympic team in the 200m by .01 while slowed by an ankle injury. But in 2015, a healthy Felix ran faster than 22.33 in all four of her 200m races.

Gatlin finished fifth in the 100m in 9.97 seconds, continuing his slowest season in recent years. At 35 years old, he is no longer looking like the top rival to Usain Bolt, who debuts in his farewell season June 10.

In fact, Gatlin may be in danger of not making the U.S. team in the 100m, which will be the top three finishers at nationals in four weeks.

In contrast, American Ronnie Baker is looking like a medal contender. He won Saturday in 9.86 seconds, which would be the fastest time in the world this year if not for too much tailwind (2.4 meters/second).

Baker, 23, has been a surprise this season, breaking 10 seconds a total of three times including Saturday. He was eliminated in the 2016 Olympic Trials semifinals and had not broken 10 seconds with legal wind before this year.

“My thoughts were, I’ve got every chance to win this just as much as everyone else does,” Baker told Lewis Johnson on NBC. “9.86 is unbelievable.”

Norway’s Jakob Ingebrigtsen, a 16-year-old, became one of the youngest-ever to break four minutes in the mile. He finished 11th against a field of older runners.

Four-time Olympic champion Mo Farah held off Ethiopian Yomif Kejelcha to extend his 5000m winning streak to 11 meets dating to 2013. Farah clocked 13:00.7 to Kejelcha’s 13:01.21.

It marked Farah’s last track race in the U.S. as the Oregon-based Brit plans to switch to marathon running after the world championships in August.

Rio gold medalist Caster Semenya barely extended her 800m undefeated streak to 16 finals. The scrutinized South Africa edged Olympic bronze medalist Margaret Wambui by one tenth of a second, clocking 1:59.78.

Olympic champion Omar McLeod took the 110m hurdles in 13.01 seconds, the fastest time in the world this year. McLeod beat a field that included Aries Merritt, the 2012 Olympic champion and world-record holder (12.80), and 2013 World champion David Oliver.

Christian Taylor, a two-time Olympic champion, recorded the third-best triple jump of all time, 18.11 meters.

Rio bronze medalist Sam Kendricks won the pole vault against a field that included Olympic champion Thiago Braz of Brazil, world-record holder Renaud Lavillenie of France and Swedish phenom Armand Duplantis, a Louisiana high school junior. Kendricks cleared 5.86 meters.

Olympic bronze medalist Ashley Spencer won the 400m hurdles in 53.38 seconds, a personal best and the fastest time in the world this year. Olympic champion Dalilah Muhammad was fifth in her first 400m hurdles race of the year.

In the shot put, Olympic champion Ryan Crouser unleashed a 22.43-meter throw to beat a field including world champion Joe Kovacs.

Jasmin Stowers won the 100m hurdles in 12.59 seconds, .03 off the fastest time in the world this year. The field lacked suspended Olympic champion Brianna Rollins and world-record holder Keni Harrison, who recently suffered a broken hand.

Russian Maria Lasitskene won the high jump in her first competition outside of Russia since 2015, when she was world champion. Lasitskene competed as a neutral athlete Saturday as Russia is still banned from international competition due to its poor anti-doping record. Her 2.03-meter clearance matched the best in the world since June 2013.

The Diamond League continues in Rome on June 8, with coverage on NBC Sports Gold.

OlympicTalk is on Apple News. Favorite us!

VIDEO: Runner clocks No. 2 time ever … after stopping to fix shoe