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By now it’s no secret that the 2028 Olympics will be taking place in Los Angeles! But how will this global sporting event affect the local economy and the day-to-day life of those living in the middle of the chaos? Below we were breaking down all of the ways, both negative and positive, that the 2028 Olympics will affect LA!
It will boost the economy. The Olympics are estimated to cost LA a whopping $5.3 billion, but that is nothing compared to what the city will make with the games. According to the Los Angeles Committee who organizes the Olympics, we are projected to make over $11 billion dollars on the Olympics.
There will be an influx in jobs. According to an economic analysis by Beacon Economics LLC and the UC Riverside School of Business Center for Economic Forecasting and Development, the Olympic games would create as many as 79,307 jobs and between $152 million and $167 million in additional tax revenue.
There will be some temporary facilities that could affect your day-to-day life. Though it will be pretty cool to have Olympic Volleyball games in Silicon Beach, the construction leading up to the Olympic games might be a bit of a nuisance. According to the current Olympic plans, Santa Monica will see a temporary stadium next to the pier for specifically for all of the Beach Volleyball matches.
The public transit will see major renovations. Thousands of tourists are expected to make their way to Los Angeles for the Olympics, and those tourists will need a way to get around. With cash from Measure M, the voter-approved half-cent sales tax, Metro will expand the transit network so much during the next decade that Los Angeles may very well boast the nation’s second most extensive rail system, second only to New York—at least that’s the goal.
The tickets might be too expensive for the average person to afford. We can expect the tickets to an Olympic event to be pricey, but when tickets to the open ceremony are estimated to be $1,700 a piece, it is a little hard to go to the event. For events that are not as mainstream, tickets will still be roughly $250 to $450. More likely than not, most Californians will beat the traffic and save the money, and watch from the comfort of their couches like the rest of us.