Funding for television rights goes to the IOC, not the hosting city. It has been that way always.

And I provided an example of how Los Angeles came out ahead in the last two Olympics and showed that the city is implementing the same strategy for this Olympics.

The reason a lot of cities go over budget is because they build too much and don't have uses for the infrastructure after the games. That isn't an issue for Los Angeles; Los Angeles has everything it needs for the Olympics already.