LA Approves a Key Olympics Deal. Critics Warn Taxpayers Could Be at Risk

LA approves a key Olympics deal. Critics warn taxpayers could be at risk

A new agreement spells out how LA28 will reimburse city services during the Games, but concerns persist about a leftover burden on taxpayers.

LA reaches deal on cost recovery for 2028 Olympics, amid warnings about financial risk

LOS ANGELES — A divided Los Angeles City Council finalized a deal with organizers of the 2028 Summer Olympic Games aimed at controlling the city's costs during the global event, amid complaints that the protections don't go far enough.

L.A. reaches deal on cost recovery for 2028 Olympics, amid warnings about financial risk

The City Council, on a 10-4 vote, signed off on an agreement aimed at ensuring the city is reimbursed for services provided during the Games.

LA Council Approves Amendment to Master Agreement with LA28 for Reimbursement

A nearly 10-month-late master agreement outlining reimbursement costs for Los Angeles serving as the host city of the 2028 Olympic and Paralympic Games grew one step closer to being finalized after an amendment was approved Wednesday. In a 10-4 vote, the Los Angeles City Council authorized an amendment to the so-called Enhanced City Resources Master Agreement with the Los Angeles 2028 Olympic and Paralympic Organizing Committee. The agreement wo…

Why JPMorgan is investing big in the 2028 LA Olympics

JPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner.

City Advances Olympics Deal Despite Financial Risk to Taxpayers

LOS ANGELES — Taxpayers could still be left paying for the 2028 Olympics under a reimbursement deal the City Council advanced Wednesday — a risk the city’s own lead negotiator acknowledged.