Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • OpenAI slows down training of advanced AI after cyber-attack
    • The Bond Crisis | Armstrong Economics
    • Lucille Ball’s 1943 Classic Debuted 83 Years Ago
    • Israeli military launches criminal probes into killings of Hind Rajab and Palestinian paramedics
    • In Ukraine, forcible military recruitment efforts escalate into violence | Russia-Ukraine war News
    • Report: NASCAR won’t race on streets of Chicago in 2027
    • Competence has been confused for communism before
    • Trump signals economic pressure in Iran conflict as talks stall: ANALYSIS
    Prime US News
    • Home
    • World News
    • Latest News
    • US News
    • Sports
    • Politics
    • Opinions
    • More
      • Tech News
      • Trending News
      • World Economy
    Prime US News
    Home»Opinions»L.A. could’ve shielded taxpayers from Olympics liability
    Opinions

    L.A. could’ve shielded taxpayers from Olympics liability

    Team_Prime US NewsBy Team_Prime US NewsMay 20, 2026No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    To the editor: California legislators fear that the Trump administration might renege on its $1-billion dedication for the 2028 Olympics (“Concerns over federal funding for L.A. Olympics raised by state lawmakers,” Might 14). That fear ought to be directed on the metropolis of Los Angeles and the LA28 committee that’s staging the Video games.

    In 1978, Los Angeles voters overwhelmingly accepted a constitution modification that prohibited taxpayer funds from being spent on the 1984 Olympics until they had been reimbursed. The poll measure was written by Councilmembers Bob Ronka and Zev Yaroslavsky, and as Ronka’s chief of workers, I helped draft it. It completely utilized to the ’84 Video games.

    In its eagerness to host a 3rd Olympics, the town whiffed on its duties to its taxpayers throughout the 2015 bidding course of by executing an agreement that uncovered the town for the primary $270 million of value overruns and the state for the subsequent $270 million, with the town assuming all monetary legal responsibility past — a clean examine.

    Town is the guarantor for LA28’s staging of the Video games. But, it’s at midnight the place the committee’s revenues and bills stand. One of many metropolis’s prime officers expressed no worries on this article, saying that “L.A. is aware of how to do that.” No, it doesn’t. In its historical past, the town has by no means assured a multi-billion-dollar occasion over which it had no management. The LA28 committee should open its books to its guarantor: the town of Los Angeles and its taxpayers.

    Wayne Avrashow, Rancho Mirage



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleSinkhole shuts down runway at LaGuardia International Airport
    Next Article James Harden had lame comments about getting torched by Jalen Brunson
    Team_Prime US News
    • Website

    Related Posts

    Opinions

    Competence has been confused for communism before

    August 19, 2026
    Opinions

    Contributor: How to fail upward and build a career in tough times

    August 19, 2026
    Opinions

    Contributor: How to prevent future U.S. attorneys general from being subservient attack dogs

    August 19, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Most Popular

    Seeking Candidates for Top IEEE Leadership Positions

    January 22, 2026

    Yemen’s Houthis claim attack on two Saudi oil tankers | Conflict News

    July 22, 2026

    UK defence minister quits with stinging rebuke of PM Starmer

    June 11, 2026
    Our Picks

    OpenAI slows down training of advanced AI after cyber-attack

    August 19, 2026

    The Bond Crisis | Armstrong Economics

    August 19, 2026

    Lucille Ball’s 1943 Classic Debuted 83 Years Ago

    August 19, 2026
    Categories
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • US News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Primeusnews.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.