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USOC leaders expected to focus on L.A.'s interest in 2024 Summer Games

USOC leaders expected to focus on L.A.'s interest in 2024 Summer Games
The Los Angeles Memorial Coliseum could play an important role once again if the city is awarded the 2024 Summer Olympics. (Mark Ralston / Getty Images)

The U.S. Olympic Committee's board of directors will convene Wednesday for a meeting that is expected to focus on Los Angeles' desire to bid for the 2024 Summer Games.

USOC leaders did not anticipate making any final decisions at the Denver International Airport meeting.

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Earlier this week, Mayor Eric Garcetti told The Times' editorial board that the city is pushing to be the American candidate and could stage the Games for a projected $4.1 billion.

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 2014 Sochi Winter Games, using the 17-day competition as a reason to build significant infrastructure in the region.

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 International Olympic Committee by mid-September.

Follow David Wharton on Twitter @LATimesWharton

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