LA Mayor Karen Bass Receives Olympic Flag from Paris Mayor Anne Hidalgo in Historic Handover
By Rory Carroll
The closing ceremony of the Paris Games on Sunday marked a historic moment as LA Mayor Karen Bass was presented with the Olympic flag by Paris Mayor Anne Hidalgo, officially starting the countdown to the LA Games in 2028. This historic handover, where a Black woman mayor received the flag for the first time, was a moment of great honor and privilege for Bass.
With the Paris Games being a resounding success so far, Los Angeles now looks forward to showcasing its multiculturalism and Hollywood glamour as the Olympic spotlight shifts to Southern California. Bass highlighted the challenges facing LA, including homelessness and transportation, but expressed confidence in the city's ability to rise to the occasion.
Looking ahead, Los Angeles has a lineup of major sporting events in the coming years, including World Cup soccer matches, the NBA All-Star game, the U.S. women's Open in golf, and the Super Bowl in 2027. These events will serve as dress rehearsals for the Olympics, allowing the city to prepare and shine on the international stage.
Analysis: The handover of the Olympic flag from Paris to Los Angeles symbolizes the transition of the global sports spotlight to the upcoming LA Games in 2028. This historic moment not only showcases the diversity and glamour of Los Angeles but also highlights the challenges the city faces, such as homelessness and transportation. By hosting a series of major sporting events leading up to the Olympics, LA has the opportunity to prepare and demonstrate its readiness to the world. As an investor, this shift in focus towards Los Angeles could signal potential economic opportunities in the city's infrastructure and tourism sectors, making it a market to watch in the coming years.