Typo of the Day: LA Olympics Take a Cost Hit

Oh man, we have yet another ridiculous increase in the budget for a public boondoggle in California. This time it’s the LA Olympics:

$700,000! That’s outrageous. That’s the price of a grande latte for every resident of, um, Oxnard. How much does a grande latte cost, anyway?

The online edition provides the actual numbers:

The predicted cost of staging the 2028 Los Angeles Olympics has risen to $6.9 billion, according to an updated budget released Tuesday by the private committee responsible for staging the massive sports event. The new figure represents a $700 million increase over previous estimates, with organizers saying they had to adjust for inflation after L.A., which originally bid for the 2024 Games, agreed to wait four more years.

OK, I get how $700 million can turn into $700 billion or vice versa, but how does it turn into $700,000? There’s no indication in the story that there’s even been a correction, let alone an explanation of how the mistake happened. Weird. But I suppose it doesn’t matter. By the time 2028 rolls around, I’ll bet that the difference between $700,000 and $700 million will seem kind of quaint.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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