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Legislators press for access to LA28 finances after 1984 lessons
Summary
Former 1984 organizers urged the Assembly to seek verifiable financial information from LA28, noting modern contract differences and suggesting closed-session reviews or quarterly financial statements to avoid placing taxpayers on the hook.
At the hearing, legislators focused on where LA28's money is coming from and whether state and local governments have sufficient oversight. Rich Perlman and other panelists described how the 1984 organizing committee maximized television and sponsorship revenues and cautioned that modern hosting contracts and IOC revenue flows are different today.
Perlman told the committee: "Be a partner and show us the books and no one will say…
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