Los Angeles is facing significant challenges due to wildfires as it prepares to host the 2028 Summer Olympics. The recovery from these fires could conflict with the costly endeavor of the Olympics, which has historically led to budget overruns for host cities. However, experts believe LA's existing sports venues might enable it to avoid extensive construction costs, positioning it well financially. Despite estimated economic losses reaching $275 billion and a projected long rebuild period, there's optimism that LA could break even as an Olympic host due to its unique circumstances.
While many sports facilities were sparred from the fires, the city's economic losses could reach $275 billion... it could take the city years, or up to a decade, to rebuild.
Zimbalist said he thinks LA is in a good position to "break-even" economically as the Olympics host, in large part because it doesn't have to build any new sporting venues.
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