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Los Angeles City Council voted 11-2 to approve a $2.6 billion Convention Center expansion despite warnings about serious financial risks.
The project could drain over $100 million annually from the city’s general fund, which pays for police, firefighters and other essential services.
Construction must begin immediately to meet the 2028 Olympics deadline, when the facility will host judo, gymnastics and other competitions.
L.A. political leaders took what their own policy experts called a risky bet on Friday, and agreed to pour billions of dollars into the city’s aging convention center in the hope that it will breathe new life into a struggling downtown and the region’s economy.