Los Angeles will not renew Olympic bid if it loses this summer

Los Angeles 2024
LA 2024
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The Los Angeles Olympic bid group will not renew its bid for a later Games if it comes away empty-handed this summer, bid chairman Casey Wasserman said, according to Reuters.

“We won’t bid again in Los Angeles,” Wasserman said Thursday, according to the report. “Because we have to pay for the bid privately. And raising $60 million dollars privately from individuals in Los Angeles is a tough road to go down once. I will tell you, twice it is not going to happen.”

International Olympic Committee voters are scheduled to choose between Los Angeles and Paris for the 2024 Olympics on Sept. 13.

However, the IOC is looking into potentially awarding both the 2024 and 2028 Olympics this summer, one to each city.

This has led Paris 2024 Olympic co-bid chief Tony Estanguet to reportedly issue an ultimatum of 2024 or nothing.

Wasserman has said LA is focused on 2024 but hasn’t publicly disclosed what his bid would do if Paris was given 2024 and LA was offered 2028 this summer.

Other cities have repeatedly bid for the Olympics after losing. PyeongChang, the 2018 Winter Games host, lost out in the bidding for 2010 and 2014. Tokyo, the 2020 Summer Games host, also bid for 2016. Madrid bid and lost for 2012, 2016 and 2020.

However, recent failed U.S. bids have not come back — notably New York City (2012) and Chicago (2016).

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