Organizers of the likely L.A. bid for the ’24 Games are planning $800M worth of renovations to the L.A. Memorial Coliseum and extensive use of the L.A. Live entertainment complex, according to a bid book published today. USC would be responsible for $500M of the price tag for a state-of-the-art Coliseum overhaul, part of $1.7B in private developer funding imagined as part of the bid. In a recently updated budget, the bid committee believes Games operations will generate $4.83B and cost $4.66B, which includes a $400M contingency fund and a $150M insurance premium. Take a look at the LA2024 bid book.
The Olympics would play out in five distinct clusters around the region, the largest dubbed “Downtown," which includes the Coliseum, Staples Center, Nokia Theatre, L.A. Convention Center and a new LAFC stadium that would be used as a temporary aquatics venue during the Games, as well as the Olympic Village.
The four other clusters are:
- “Hollywood," which would include a broadcast and media center planned to be built in “new studio and office facilities on NBCUniversal’s Studio lot.”
- “Valley," near the Sepulveda Dam, would host five sports, including archery, equestrian, shooting, the canoe slalom and modern pentathlon.
- “Coastal,” which includes preliminary basketball matches at a renovated Pauley Pavilion at UCLA, and a beach volleyball venue at Santa Monica Beach. Drake Stadium would host field hockey and the L.A. Tennis Center would be transformed into a temporary water polo venue.
- "South Bay,” which centers on StubHub Center, will host rugby, tennis and the VELO cycling center.
