RIO DE JANEIRO—Los Angeles leaders pitched their bid Tuesday for the 2024 Olympics as a “risk-free” project that requires little construction and could produce a financial surplus.
“Our Olympic infrastructure is already in the ground, not on the drawing boards,” Mayor Eric Garcetti said at a news conference. “We are virtually risk-free because we only have to build one venue to host the games. Instead of construction anxieties for the next seven years, we can focus on what’s important.”
