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2014 Winter Olympics

L.A.'s Mayor Garcetti is mum on financial pledge for 2024 Olympics

L.A.'s Mayor Garcetti is mum on financial pledge for 2024 Olympics

With Los Angeles' hopes of hosting the 2024 Summer Games unexpectedly revived, Mayor Eric Garcetti must soon decide whether he is willing to accept the sort of financial risks that his counterpart in Boston — the U.S. Olympic Committee's first choice of host city — balked at this week. Olympic officials insist that a host city pledge to cover cost overruns or revenue shortfalls associated with the Games. Boston Mayor Martin Walsh expressed second thoughts about providing such a guarantee shortly before his city withdrew Monday. Garcetti is sounding optimistic notes after Boston's withdrawal of its bid. But so far he hasn't said what promises he is prepared...

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