USOC leaders did not anticipate making any final decisions at the Denver International Airport meeting.
Earlier this week, Mayor
Los Angeles expects to generate a $150-million surplus by way of broadcast and sponsorship revenues, but will guarantee to cover any cost overruns, Garcetti said.
The Olympics have a history of such overruns. Russian officials recently spent a reported $51 billion to stage the
For 2024, the USOC originally chose Boston as the American bidder. The Massachusetts capital dropped out last month amid widespread concerns about taxpayer dollars' being used to pay for the Games.
It opened the door for Los Angeles, a two-time Olympic host that has proposed to spend less than $1.5 billion on venues, making use of existing sports facilities in the area. The preliminary bid contains a $400-million contingency fund and $200 million earmarked to pay for city services.
The USOC is expected to make a decision in coming days and submit its choice to the