The Los Angeles City Council should approve later this week contracts between Los Angeles 2028 and the International Olympic Committee in which the city agrees to host the 2028 Olympic Games, according to a recommendation by the city’s chief legislative analyst and administrative officer.
In addition to recommending the council sign off on the Host City Contract (HCC) between the city, IOC and U.S. Olympic Committee, and LA 2028’s tripartite deal with the IOC and Paris 2024, the city staff has renegotiated a Memorandum of Understanding between the city, LA 2028 and the USOC that gives the council a role in the planning of the 2028 Games and the city protection against an unexpected financial deficit, chief legislative Sharon M. Tso and interim city administrative officer Richard H. Llewellyn, Jr. wrote in an 86-page report.
The new MOU with LA 2028 comes with increased safeguards for the city over those in a similar agreement between the city council and the organizing committee earlier this year for a Los Angeles bid for the 2024 Games.
The council is expected to approve the HCC and tripartite agreement Friday morning. All 95 IOC members have told LA 2028 officials they will unanimously vote to award Los Angeles the 2028 Games – and Paris the 2024 Olympics – on Sept. 13 at IOC meetings in Lima, Peru.
The expected city approval comes under unusual circumstances. The IOC voted unanimously July 11 to approve the joint awarding of two Games in the same year for the first time since 1921. Friday’s meeting comes just nine days after LA 2028 and the IOC reached an agreement for the city to host the 2028 Games.
Critics have raised concerns about the uncertainty of hosting Games 11 years away and whether the 2028 deal is being rushed through the council on the IOC’s time schedule. LA 2028 has not finalized its budget and it could be 18 months before that budget is validated by the accounting firm KPMG as part of an audit mandated by the city council and paid for by LA 2028.
“The additional four years (eleven years total) adds uncertainty concerning future global, national, and local economic and political conditions,” Tso and Llewellyn wrote in the report referring to the seven-year period cities normally have between the awarding and staging of the Olympic Games.
LA 2028 officials counter that the 2028 bid follows the same plan for the privately funded 2024 Games, which had a balanced $5.3 billion budget and emphasized existing venues and…