Los Angeles Approves $2.62B Convention Center Expansion Amid Cost and Timing Warnings

The Los Angeles City Council approved a $2.62 billion expansion of the Los Angeles Convention Center with an 11-2 vote, aiming to bolster downtown and prepare the facility for the 2028 Olympic and Paralympic Games. The expansion will add significant exhibit, meeting, and multi-service space, connecting the West Hall with the South Hall, and is expected to generate thousands of jobs, increase tourism, and bring substantial economic benefits. Despite strong support from Mayor Karen Bass, several council members and city advisors expressed serious concerns about the financial risks, potential long-term debt burden through 2058, and the possibility of construction delays jeopardizing the venue's readiness for the Olympics, which could result in financial penalties for the city. Opponents, such as council member Katy Yaroslavsky and the Howard Jarvis Taxpayers Association, warned that the project could divert funds from essential city services and strain the city's budget. Proponents argue the expansion is a necessary investment in the city's future competitiveness and economic growth, with projected tax revenues and local business sales expected to offset the costs over time. The decision marks the culmination of over a decade of planning and debate, with city officials committing to implement cost-saving measures and ensure timely completion.