LA Making Strong Case for Olympic Glory

As one of seven cities competing to host the 2024 Olympics, LA is rolling out the red carpet, with a proposed $4.1B budget and snazzy plans to transform booming Downtown into the ultimate venue. New plans include four clusters of games that utilize Disney’s Concert Hall, the Convention Center and a revitalized LA River as centerpieces. The heart of the plan repositions Exposition Park—the city’s museum row—as Olympic Park, which most likely would include Olympic Village and the International Broadcast Centre. Perhaps the largest venue would be a a renovated Memorial Coliseum transformed to a world-class athletics facility with seating for 80,000. LA also is expecting at least one new NFL stadium in the next few years, which would surely be an attractive venue. [ITG]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

San Dimas Commerce Center Trades For $41M: The Los Angeles Deal Sheet

10 States Alone Carry $1.4T In Wildfire Property Risk, Cotality Finds

KHP Sells West Hollywood Kimpton To Japanese Hotel Company For $63M

USA Properties Fund, Irvine Co. Break Ground On 338 Tustin Apartments: The Los Angeles Deal Sheet

Global Ad Agency Innocean Leases 101K SF At Hackman El Segundo Campus

$1.1B Loan To Hudson Pacific, Blackstone Moves To Special Servicing

The World Cup Boosted LA Hotel Rates. Occupancy Barely Budged

Minority Investors Sue Industrial Realty Group Over Timing Of Reverse Merger

MDNI Group Buys Santa Monica Apartments Out Of Receivership: The Los Angeles Deal Sheet

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Developers Riding The Surf Park Wave With Resorts, Retail And Residences

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand