2012 Summer Olympics

Los Angeles says it offers 'risk-free' bid for 2024 Olympics

Los Angeles leaders pitched their bid Tuesday for the 2024 Olympics as a "risk-free" project that requires little construction and could produce a financial surplus.

"Our Olympic infrastructure is already in the ground, not on the drawing boards," Mayor Eric Garcetti said at a news conference. "We are virtually risk-free because we only have to build one venue to host the games. Instead of construction anxieties for the next seven years, we can focus on what's important."

Los Angeles is seeking to host the Olympics for a third time and bring the Summer Games back to the United States for the first time since Atlanta hosted the event in...