Los Angeles 2028 Olympics chiefs on Tuesday unveiled details of the $6.9 billion budget for the Games, vowing to deliver the spectacle without cost overruns that have dogged recent editions of the extravaganza.
A statement from LA 2028 said the city's Olympic plan, which relies entirely on pre-existing venues and infrastructure, included a 10 percent contingency fund of $615.9 million.
The $6.9 billion price tag is higher than the previous figure of $5.3 billion quoted during the bid process in 2017, which was calculated in 2016 dollar values.
The higher figure cited on Tuesday takes into account likely inflation over the next decade.
LA 2028 said the budget had been independently evaluated by accounting giants KPMG and had been computed in "real dollars to offer a clear picture of financial health over time."
"We are redefining what it means to host a successful Games and look forward to planning and hosting an amazing experience that will make our community proud."
- 'Olympics to fit the city' -
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"We're confident in our ability to deliver on that expense plan."
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