LOS ANGELES—Los Angeles is set to host the 2028 Olympic and Paralympic Games, after the city council approved on Dec. 3 an agreement with LA28, the 2028 Olympic Games organizing committee. The city council voted 11–2 in favor of the agreement, with Councilmembers Nithya Raman and Mike Bonin disagreeing. The Olympics are expected to cost the organizing committee almost $7 billion. According to the agreement, if there is a deficit, the city is expected to pay the first $270 million, and the state will take over the next $270 million. If those funds run out, the city needs to cover the remaining costs. LA28 would need city approval to access those funds, however. City Administrative Officer Matt Szabo and Chief Legislative Analyst Sharon Tso told the councilmembers before the Dec. 3 vote that while it is impossible to eliminate all risks, the city has done its best to minimize them. …