TSX Report Reveals L.A.-Area Sports Impact Skyrockets to $8.9 Billion; LA28 Considers Car-Free Games Approach While SoFi Stadium Potential as 2026 FIFA World Cup Venue Remains Uncertain

    Marcel Porras, the L.A. Metro Deputy Innovation Officer, spoke at the 2023 L.A. Sports Innovation Conference about the economic impact of sports in the L.A. area. According to a panel at the conference, the economic impact of professional and college teams in the region reached $8.9 billion in 2022, a 27% increase from the previous year. The report also showed significant growth in employment numbers, with 83,430 sports-related jobs created in 2022. The panel also discussed plans for the 2028 Los Angeles Olympic Games to be a car-free event, with emphasis on promoting public transit as the primary mode of transportation. Additionally, the US Olympic & Paralympic Properties COO highlighted the Games’ focus on youth sports, a healthy environment, and economic empowerment. In other sports news, Saudi Arabia is expected to be the only bidder for the hosting rights of the 2034 FIFA World Cup, and there are concerns that the SoFi Stadium in Inglewood, California may be removed as a venue for the 2026 World Cup due to its tight field size. Finally, the article provides updates on various sports events and organizations such as the International Olympic Committee, PanAm Sports, Athletics, Cycling, and Gymnastics.

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