Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

Los Angeles vows privately financed Olympics in 2024 bid


February 18, 2016

LOS ANGELES (AP) — With 97 percent of the venues in existence or already planned by private investors, organizers of Los Angeles’ bid for the 2024 Olympics are promising a prudent and responsible approach to running the games that would be entirely privately financed.

“That is the definition of sustainability in terms of legacy and cost,” said Casey Wasserman, chairman of LA24. “There’s no risk involved with venues or facilities.”

On Wednesday, LA24 officials released a 64-page report submitted to the International Olympic Committee detailing their vision and concept for bring...

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