Venues of the 1984 Summer Olympics lessons learned helped Los Angeles in bidding for the 1980 Summer Olympics though this time they would lose out to Moscow for the 1980 Summer Olympics. Los Angeles bid for the 1984 Summer Olympics with a minimal amount of new construction costs and a heavy reliance on corporate sponsorships (unlike Montreal 76 and Moscow 80). Bid studies were done in Los Angeles between 1975 and 1978. The city was awarded the 1984 Games in 1978 by the IOC since they were the sole bidder. In 1959, the Los Angeles Memorial Sports Arena was completed. The following year, it hosted the
1984 Summer Olympics 1984 Summer Olympics at USD 719 million in 2015-dollars. This includes sports-related costs only, that is, (i) "operational costs" incurred by the organizing committee for the purpose of staging the Games, e.g., expenditures for technology, transportation, workforce, administration, security, catering, ceremonies, and medical services, and (ii) "direct capital costs" incurred by the host city and country or private investors to build, e.g., the competition venues, the Olympic village, international broadcast center, and media and press center, which are required to host the Games. Indirect capital costs are "not" included, such as for road, rail, or airport infrastructure, or for hotel