Los Angeles City Council to vote on authorizing Olympic bid

LOS ANGELES (AP) The president of the Los Angeles City Council has introduced a motion to give Mayor Eric Garcetti broad authority to negotiate a deal to host the 2024 Olympics.

The Los Angeles Times reports (http://lat.ms/1UY5Ayr ) that the motion would give Garcetti and council President Herb Wesson the authority to sign a legally binding agreement with the U.S. Olympic Committee.

The agreement would allow the city to enter into a contract with the International Olympic Committee in two years.

The newspaper reports that the council could vote on the motion as soon as next week.

If Los Angeles becomes the U.S. candidate for the 2024 Olympics after Boston's recent drop from contention, a mayor's adviser says the organizers' proposed budget for the Summer Games would be $4.1 billion.

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Information from: Los Angeles Times, http://www.latimes.com/