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Too many 'ifs' in L.A.'s Olympic projections

Too many 'ifs' in L.A.'s Olympic projections

Questions about the financial assumptions in Los Angeles' proposal to host the 2024 Olympic Games are starting to add up. Or, rather, not add up. The revenue projections that Mayor Eric Garcetti's Olympic negotiating team made in its bid proposal (known as the "bid book") count on more than $1 billion of investment and cooperation from outside sources, including USC, NBC Universal and private developers. But closer inspection shows that these contributions are based on little more than assumptions and extrapolations, not rock-solid promises. That's more than a little troubling as Garcetti prepares to announce a deal with the U.S. Olympic Committee, thus putting...

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