City of L.A. and LA28 Issue Joint Statement Regarding ECRMA Negotiations

Los Angeles and LA28 are collaborating to finalize the Enhanced City Resources Master Agreement (ECRMA) for the 2028 Olympic Games. The agreement will set reimbursement guidelines for the city's costs incurred during the event. City officials confirmed they are committed to delivering the Games in a fiscally responsible manner, which will benefit both current residents and future generations. The joint statement emphasizes the importance of managing financial implications effectively as the city prepares for this historic occasion. This collaborative effort aims to ensure accountability and transparency in the funding process.

Local leaders recognize that the successful execution of the Games could have lasting positive effects on the community. The ECRMA reflects a strategic approach to resource management in the face of significant upcoming expenses. Overall, the commitment to responsible fiscal practices aims to create a framework for sustainable benefits tied to the Games.