CBS Evening News for Thursday, May 18, 1978
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(Studio) International Olympics Committee's provisional awarding of 1984 summer Olympics to Los Angeles, California, at meeting in Athens, Greece, reported View of some Los Angeles taxpayers that honor should be refused stated.
REPORTER: Walter Cronkite
(Athens, Greece) Los Angeles city council fears that city might lose money, as other Olympic cities have, and its proposal to make some entity other than city and taxpayers liable for such losses stated. Statement of IOC president given, that Los Angeles must sign standard Olympic contract, as has 1984 winter games winner, Sarajevo, Yugoslavia. Yugoslavian city's win over Japanese and Swedish cities noted; reports that Montreal, Mexico City and Munich, last 3 summer games hosts, would take 1984 spot mentioned. Mayor Tom Bradley's proposal to find company to insure Los Angeles against losses in games outlined. [BRADLEY - is sure city can work out arrangements.]
REPORTER: Bert Quint
(Los Angeles, California) Reaction of Los Angeles residents and city council to outcome of International Olympic Committee meeting reported [Cnclman. Zev YAROSALVSKY - thinks city has given away too much and that public has become skeptical with regard to city leaders in dealings about Olympics.] Conflict over taxpayers' responsibility for any cost overruns involved in product of 1984 games examined; city attorney Burt Pines' reaction to Bradley's plan to insure city against losses stated. [PINES - has never heard of insurance policy that insures against bad management or business failure.] Outlook for holding 1984 summer Olympics in Los Angeles, site of 1932 games, reported.
REPORTER: Don Kladstrup
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