lots of places lost financially....some did ok....in Orange County anyway...
The LA Olympics turned a profit, you know.
For several reasons.
We had most of the infrastructure already in place.
The Colosseum, which holds 100,000 people.
The Forum.
The L.A. sports Arena.
Pauley pavillion.
Two major unversities, USC and UCLA, who had the dorm space, and athletic training facilities to accomodate the athletes.
Pepperdine university, see above.
6 airports in a 150 mile area.
World class hotels, already in place.
Prime weather.
Non-corrupt local government.
Effective police forces. The LAPD and LA county sheriffs. Along with mutual aid from many top notch police forces in the area.
And on, and on, and on.