Los Angeles bid for the 2016 Summer Olympics Summer Olympics were to have been held in Los Angeles, the Games would have generated more than $7 billion in potential revenue and create nearly 70,000 jobs. It would have created 67,825 full-time jobs, many of them in the hospitality and transportation industry. Many of these jobs might well have remained after the games, officials said, although they didn't give a figure. Los Angeles is one of the four cities from the United States bidding for the 2024 Summer Olympics. 1 September 2015 Los Angeles has been chosen as the U.S. candidate to bid for the 2024 Summer Olympics. Los
1984 Summer Olympics 140 National Olympic Committees took part, which was a record at the time. The 1984 Summer Olympics are widely considered to be the most financially successful modern Olympics and serve as an example of how to run the model Olympic Games. As a result of low construction costs, coupled with a heavy reliance on private corporate funding, the 1984 Olympic Games generated a profit of more than $200 million. On July 18, 2009, a 25th anniversary celebration was held in the main Olympic Stadium. The celebration included a speech by the former president of the Los Angeles Olympic Organizing Committee,