Los Angeles 2028 could generate up to $40.6bn (€35.2bn) in economic activity across the city and surrounding metropolitan area, according to a study by the Los Angeles County Economic Development Corporation (LAEDC).
The report estimates that preparations for and the staging of the Olympic and Paralympic Games could generate between $20.5bn and $40.6bn in economic activity. The event is also projected to support between 126,000 and 224,000 jobs across sectors including construction, security, transport and hospitality.
Investment in transport, airports, mobility, accessibility and venue upgrades is expected to represent the largest single source of economic impact. LAEDC estimates that around $8.35bn in investment will be accelerated or delivered in connection with LA28.
Two million visitors expected
Around two million visitors are expected to travel to the Los Angeles area during the Games. Their direct spending in the city could generate between $1.6bn and $4.3bn, according to the study.
The Games are also expected to generate significant tax revenues for public authorities. Combined national, federal and local tax receipts are projected to reach between $5.1bn and $5.9bn.
Focus on local businesses
LA28 is also targeting a significant share of its procurement spending towards businesses in the region. The organisers aim to direct 75% of manageable procurement spending to regional companies, while 25% is earmarked for small businesses.
The strategy positions LA28 as more than a major sporting event. Alongside the competition itself, the Games are being used as a platform for infrastructure investment, employment, tourism and the development of local supply chains.
With Los Angeles preparing to host both the Olympic and Paralympic Games in 2028, the projected economic impact highlights the scale of the commercial and urban investment surrounding the event.