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LA28 CEO Reynolds Hoover details $7.2 billion budget, ticket and volunteer milestones for 2028 Games
Summary
LA28 CEO Reynold Hoover told a California State Assembly joint hearing that the organizing committee’s combined Olympic and Paralympic budget is $7.2 billion, reported early ticket and volunteer milestones and touted more than $2 billion in sponsorship revenue while promising a 'no build' approach that prioritizes reuse of existing venues.
LA28 Chief Executive Reynold Hoover told the California State Assembly at a joint informational hearing that the organizing committee’s combined budget for the 2028 Olympic and Paralympic Games is $7,200,000,000 and includes both competitions.
Hoover, who introduced himself to the committee as LA28’s CEO, said the organizing committee is a private 501(c)(3) that works closely with government partners and relies on sponsorship, ticketing and hospitality revenues rather than direct federal funding. “Our budget is now $7,200,000,000 and that includes both Olympics and Paralympics,” Hoover said.
Hoover and staff highlighted early sales and volunteer metrics as evidence of public…
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