Why Los Angeles Will Regret Hosting the Olympics

When Los Angeles hosted the Olympic Games in 1984, it was the only city that stepped up to bid, as much was at stake in taking on the task. Two prior mega events, the Montreal 1976 Summer Games and Lake Placid 1980 Winter Games, plunged each city into considerable debt. It is perhaps unsurprising, then, that Los Angeles decided to rely heavily on private investment and corporate sponsorship, rather than state finances, to fund the events.

For many, this shift was heralded as a great...

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