Los Angeles officially secured the right this week to host the 2028 Summer Olympic Games and associated concessions. This will be the third time the city has hosted the Games, the previous two in 1932 and 1984. The International Olympic Committee (IOC) granted Mayor Eric Garcetti and L.A.’s Olympic committee the rights to the multi-billion dollar event, which is expected to be a major boost to the local economy.
However, according to reason.com’s Garrett Quinn, the IOC takes 70 percent of the TV revenues and spits the overall revenue with the host city, making it “impossible for a city to break even when hosting a Summer Games.”
Today on “Pat & Stu,” the guys explored the pros and cons of hosting the Olympic Games. “I love the Olympic Games … but it’s a no-win situation,” Pat Gray lamented. “It’s too expensive, and it’s a hassle for the residents … this is going to be a nightmare for them.”
“There’s a strong argument to not even do the Olympics anymore,” added Jeffy Fisher.