But it’s Los Angeles, deferring its bid to 2028, that has the more radical Olympic idea: Build almost nothing. The organizers propose a handful of temporary venues and four new permanent venues, some of which will be privately funded and each of which has a documented future use. The city has also dropped plans for a brand-new Olympic Village, instead proposing to house athletes in existing and already-planned dormitories at the University of Southern California and University of California, Los Angeles. All in all, the city projects the games will cost $5.3 billion—not even half the cost of Rio, and in a much more expensive place to build. Not quite an “austerity Olympics,” as the 1948 London Games were known, but a welcome rebuke to the bloated spectacles of the past.

http://www.slate.com/articles/business/metropolis/2017/08/the_2028_los_angeles_olympics_will_be_a_bargain_at_5_3_billion.html