LA28 could generate up to $40.6 billion for region, study says

LOS ANGELES, Sept 15 : The 2028 Los Angeles Olympic and Paralympic Games could generate as much as $40.6 billion in economic output and support up to 224,000 jobs across the Greater Los Angeles region, according to a study released on Tuesday.

The analysis by the Los Angeles County Economic Development Corporation, commissioned by LA28, estimated a range of $20.5 billion to $40.6 billion in economic activity during the years of preparation for the Games and through their conclusion in 2028.

"The scale and breadth of the economic activity associated with the 2028 Games is significant, even when viewed through a conservative lens," said Stephen Cheung, President & CEO of LAEDC.

"Our analysis shows the impact reaching across the regional economy, from jobs and labor income to local businesses, visitor spending, and long-term investment. Importantly, these findings reflect a range of potential outcomes, providing a transparent picture of the economic benefits the Games could generate for Greater Los Angeles."

The estimates cover Los Angeles, Orange, Riverside, San Bernardino and Ventura counties, and include spending on Games operations, transportation and security, capital projects, visitor activity and expenditures by independently funded organizations involved in staging the event.

Games-related infrastructure investment, including transportation, airport, mobility, accessibility and venue upgrades, would be the largest source of economic impact, the report said.

It estimated that about $8.35 billion in such investment has been accelerated or undertaken in connection with the event.

NO-BUILD GAMES

LA28 has promoted a "no-build" strategy that relies largely on existing venues and temporary facilities, rather than construction of