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Stock impact report

LA28 plans ambitious Coliseum makeover, building a track on top of the existing field [Los Angeles Times (CA)]

AECOM (ACM) 
Last aecom earnings: 2/3 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.aecom.com/mobile.view?c=131318
Babe Didrikson Zaharias competed at the historic stadium during the 1932 Summer Games, winning the javelin and hurdles. Carl Lewis won four golds there in 1984, a competition that also featured the infamous Zola Budd-Mary Decker collision in the 3,000 meters. But as local organizers devised plans for the 2028 Olympics , they faced a basic dilemma: There wasn't enough room on the Coliseum floor for, well, a track. Renovations in the early 1990s added 14 rows of seats at the bottom of the bowl, moving the stands closer for football, shrinking the size of the field. The LA28 organizing committee needed a temporary fix. The solution will require thousands of columns and metal plates to build a new floor about 11 feet above the current one. Because the bowl slopes away in all directions, this elevated surface will have room to stretch out, covering all those added seats. For a city that has enough existing world-class venues to host the Games without major construction, the $100-m Show less Read more
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