Credit FAQ: Going For The Gold: How Los Angeles Is Getting Its Infrastructure In Shape For The 2028 Summer Olympics

In 2028, Los Angeles and the surrounding region will host the Summer Olympic Games for the third time, making it one of three cities globally to do so. In the past, hosting the games has encouraged cities to improve infrastructure ahead of the events. However, the scale and cost of the games commonly lead to large, unexpected expenses that are perceived to be a burden on the host city. In contrast, Los Angeles plans to use stadiums and concert venues that are already hosting large audiences. Furthermore, the games will benefit from the significant expansion of subways and light rail systems already underway as part of Measure M, which was approved in 2016 and provides sales tax-supported funding for transportation.

...February 2, 2023 In 2028, Los Angeles and the surrounding region will host the Summer Olympic Games for the third time, making it one of three cities globally to do so. In the past, hosting the games has encouraged cities to improve infrastructure ahead of the events. However, the scale and cost of the games commonly lead to large, unexpected expenses that are perceived to be a burden on the host city. In contrast, Los Angeles plans to use stadiums and concert venues that are already hosting large audiences. Furthermore, the games will benefit from the significant expansion of subways and light rail systems already underway as part of Measure M, which was approved in 2016 and provides sales tax-supported funding for transportation. The Going for Gold panel, moderated by Trevor d'Olier-Lees of S&P Global Ratings, discussed the potential challenges Los Angeles could face in the wake of making the 2028 Olympics a car-free event. These panelists were: - Ernesto Chaves, Interim Senior Executive...

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