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Originally Posted by Cynthetiq
I lived in LA during the 84 Olympics. I know that was one of the games that was profitable for the city but from what I recall it's normally not profitable for most cities.
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Very good point. For one thing most venues in LA were already built years before the '84 games:
- LA Coliseum (track and field, opening and closing ceremonies)
- Pauley Pavilion (gymnastics)
- Dodger Stadium (baseball)
..among others.