Kathy Carter, who this week was named CEO of the Los Angeles 2028 Olympic and Paralympic organizing committee, said the Games will be both fiscally sound and leave a lasting impact on the host city.
Carter told Reuters the "no build" Games will utilize the city's wide array of existing sports facilities and will cost about $6.9 billion, spending that will be offset by revenues from sponsorships, ticket sales and other sources.
"First and foremost, we're going to host a Games that are on time and on budget," said Carter, who secured key sponsorship deals as the committee's chief revenue officer before being elevated to CEO.