Olympics-LA28 Could Generate up to $40.6 Billion for Region, Study Says
The forecast says infrastructure spending, visitor activity and Games operations could drive most of the gains, with 79% of jobs not requiring a college degree.
- On Tuesday, a new economic analysis reported the 2028 Los Angeles Olympic and Paralympic Games could generate up to $40.6 billion in economic output, supporting as many as 224,000 jobs across the Greater Los Angeles region.
- Organizers said the Games promise lower economic risk because most facilities are already in place, utilizing a "no-build" strategy; 79% of projected job gains will come in positions not requiring college education.
- Infrastructure improvements, including work at Los Angeles International Airport, will total about $8.35 billion, according to the report. The Games are projected to spin off up to $5.9 billion in combined tax revenue.
- Los Angeles City Council members, led by Council President Marqueece Harris-Dawson, have pressed LA28 to commit 40% of contracts to local firms. LA28 leaders warn that forced local contracting could drive up costs substantially.
- While organizers project significant gains, a similar forecast for the 2024 Paris Olympics fell short of expectations. French government auditors concluded that event failed to provide a massive boost, citing lower-than-expected fan attendance and tourist displacement.
21 Articles
21 Articles
A recent study predicted that the L.A. 2028 Olympic and Paralympic Games would yield economic gains of up to $40.6 billion, attracting about 2 million visitors to the region.
Yakima Herald-Republic
A Summer Olympics economic windfall is headed for SoCal, a new analysis says
LOS ANGELES — The 2028 Summer Olympic Games in Los Angeles will deliver a bounty to Southern California in more ways than one, generating a surge of up to $40.6 billion in increased economic output and adding as many as…
Study: LA28 Games Could Generate Up to $40.6 Billion in Economic Activity
The 2028 Olympic and Paralympic Games could generate between $20.5 billion and $40.6 billion in economic activity and support 126,000 to 224,000 jobs across the greater Los Angeles region, according to an economic analysis released Tuesday. The study was conducted by the Los Angeles County Economic Development Corporation’s Institute for Applied Economics and commissioned by […]
LAEDC study for LA28 projects between $1.6 billion and $4.3 billion in direct tourism spending in Los Angeles County
POLITICS: LA can reap benefits from Olympic boom — if it learns from 1984 success
Los Angeles will reap massive economic rewards from the 2028 Summer Olympics — if its leaders can come together to seize the opportunity and work together long before the torch arrives. The LA County Economic Development Corporation (LAEDC) recently issued its analysis of the potential economic benefits of the 2028 Olympic and Paralympic Games. The study — commissioned by LA28, the private organizing committee charged with conducting the Games —…
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