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Santa Monica study reveals potential financial drawbacks of hosting 2028 Olympics

October 23, 2024 | Huntington Beach , Orange County, California


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Santa Monica study reveals potential financial drawbacks of hosting 2028 Olympics
The Huntington Beach City Finance Commission meeting on October 23, 2024, spotlighted the ongoing discussions surrounding the 2028 Olympics, particularly the city's collaboration with Visit HB to engage with the Olympic Committee. The committee is currently prioritizing agreements with Los Angeles County, which has delayed direct discussions with Huntington Beach.

A key point raised during the meeting was a recent study conducted by Santa Monica, which evaluated the financial implications of hosting Olympic events. The study concluded that the city would be better off financially by not hosting the Olympics, citing the high costs associated with the event. This finding sparked interest among commission members, who recognized the potential parallels for Huntington Beach.

While the city remains eager to participate in the Olympic festivities, the financial analysis from Santa Monica raises important questions about the economic impact of such large-scale events. The commission plans to monitor these developments closely as they prepare for future discussions with the Olympic Committee.

As Huntington Beach navigates its role in the upcoming Olympics, the implications of Santa Monica's findings could influence local decisions and strategies moving forward. The commission's focus on these discussions underscores the importance of careful financial planning in the face of significant events like the Olympics.

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