Valuetainment "This Is A Sh*t Show" - Newsom's Olympic Plans UNDER FIRE Over $3 Billion Budget DISASTER!
Apr 24, 2025
Gavin Newsom's ambitious plans for the 2028 LA Olympics are facing serious financial backlash. The budget has spiraled into a potential $3 billion shortfall, with major sponsors pulling out, leading to concerns over public funding. Critics highlight the significant infrastructure challenges and question whether hosting the Olympics will truly benefit local residents. The discussion dives deep into the mismanagement and urban challenges, revealing a glaring funding gap that raises alarms about the event’s viability.
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Newsom Connects Rebuild With Olympics
- Gavin Newsom linked California's rebuilding efforts after wildfires to hosting the 2028 Olympics.
- He framed the Olympics as a catalyst to rebuild and modernize Los Angeles with broad community inclusion.
Olympics' Financial and Infrastructure Risks
- Olympic costs have dramatically ballooned while sponsors have dropped out, threatening financial disaster.
- Historically, Olympic host cities like Greece and London suffered long-term facility decay and economic decline afterward.
Budget Shortfalls Threaten Olympic Plans
- L.A.'s Olympic budget faces a $2.5 billion shortfall amid losses from sponsors and ticket sales.
- Only a fraction of promised infrastructure projects will complete, risking worsening traffic and transit problems.