Los Angeles is on the hook if there are cost overruns for the 2028 Olympics, but that was not the case the last time the city hosted the Games.

In 1984, city officials pressured the International Olympic Committee into making an exception to its rule requiring that host cities foot the bill if the Games were unsuccessful. That fierce public battle guaranteed L.A. wouldn't pay to bring the Olympics to town.

The IOC faced a crisis in the run-up to 1984. Los Angeles was the only bidder to host the Games. The cost of the 1976 Olympics in Montreal exploded from an initial estimate of $120 million to $1.6 billion , leaving the city with debt that took 30 years to pay off. Montreal's mayor had promised his constituents that running a deficit was impossible .

"This essentially scare

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