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As L.A. Olympic bid progresses, local State Senator proposes bill to create contingency fund for Games




THE OLYMPIC MOTTO OF CITIUS, ALTIUS, FORTIUS IS DISPLAYED ON A GIANT TV SCREEN AT TODAY's OPENING CEREMONY OF THE 1984 SUMMER OLYMPICS.
THE OLYMPIC MOTTO OF CITIUS, ALTIUS, FORTIUS IS DISPLAYED ON A GIANT TV SCREEN AT TODAY's OPENING CEREMONY OF THE 1984 SUMMER OLYMPICS.
Tony Duffy/Getty Images

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Four cities remain in the hunt for the right to host the 2024 Summer Olympics.

Hamburg, Germany, dropped from the race in November, which leaves Paris, Rome, Budapest, and Los Angeles in contention.

Here in L.A., the city and the bid committee are hard at work figuring out logistical issues like where athletes will stay and how they’ll get around, where venues will be and, maybe most importantly, how to pay for it all. Los Angeles State Senator Kevin de Leon is looking to make the bid more palatable financially. He’s introduced a bill that would create a $250 million contingency fund that would cover revenue shortfalls.

Today on AirTalk, we’ll check in on the city’s bid for the 2024 Games, talk about what impact Senator de Leon’s bill could have on it, and dig into exactly how the city plans to cover the cost of the Olympics.

Guests:

Ed Hula, editor in chief of Around the Rings, a publication devoted to covering the Olympics

Zev Yaroslavsky, former Los Angeles County Supervisor; he tweets from @ZevYaroslavsky