Los Angeles 2016 Predicts $7 Billion Economic Impact

The potential economic impact of a 2016 Summer Olympic and Paralympic Games in Los Angeles would top $7 billion according to a study commissioned by the Southern California Committee for the Olympic Games (SCCOG) released today. The results, which would mark a record impact for a U.S. Games, were calculated in 2007 dollars and based on projected attendance, sponsorship programs, transportation and tourism, among other things.

The internationally renowned firm Economics Research Associates (ERA), which conducted the study, stated that the predictions are conservative and accounted only for the Los Angeles region. A Los Angeles 2016 Games would have additional impacts throughout the state and in Nevada.

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Los Angeles + Las Vegas = Tourism Clout

According to GamesBids.com:

Organizers of Los Angeles 2016 joined Tuesday with Las Vegas civic leaders to detail the role of the city and Sam Boyd Stadium in its bid to become the U.S. candidate for the 2016 Summer Olympic Games.

Las Vegas and Sam Boyd Stadium would serve as one of the five venues for soccer, with attendance projections calling for 250,000 to 480,000 fans to view the Las Vegas based games. The program would include eight to 12 preliminary round soccer competitions.

Los Angeles 2016 head Barry Sanders said, “Las Vegas is an exciting and glamorous city, and Sam Boyd Stadium has hosted significant soccer matches in the past. The city, Convention and Visitors Authority, and Las Vegas events have been supportive throughout this process and we are very confident Las Vegas will be both a desirable destination and tremendous host for Olympic fans”.

It is anticipated Las Vegas would host both men’s and women’s preliminary matches. Other soccer venues included in the bid are in San Francisco, San Diego and Los Angeles.

Sam Boyd Stadium can now accommodate 32,000 fans but has the ability to expand to 40,000.

2016 Video Games | Los Angeles vs. Chicago

Most experts have given LA the edge for creativity when it comes to the bid videos. The City of Chicago's marketing mayoral aide in charge of hiding the financial guarantee guy and gay activist, Michael Segobiano, said the Chicago video is an example of great we would be at staging the games. We hope he's wrong. The video could be much better and the city needs to find a much better marketing guy regardless of the Olympic bid.

Los Angeles 2016 Video (40 sec)



Chicago 2016 Video (3 min, 41 sec)



Los Angeles 2016 Video (Dave Stewart, 7 min, 35 sec)