Although Greenland is supportive of Los Angeles hosting the Olympics, Gang says that it is too early to factor them into the firm's development strategy. “It may still be a bit early to have any solid action plan by the development community,” he says. “However, as we approach the Olympics, we anticipate the discussion and actions will get increasingly intense in the years to come.”

If Los Angeles wins its 2028 Olympics bid, it could be helping the city's growth vision. Los Angeles is already seeing tremendous migration—with some estimates forecasting as many as 10 million people could move to the greater L.A. area in the next decade—and it is fueling tremendous development activity. Greenland USA CEO Hu Gang says that the Olympics will only help bring more attention and growth to the city.

“With almost $800 billion GDP, L.A. is the third largest metropolitan economy in the world,” Gang tells GlobeSt.com. “We anticipate the impact of 2028 Olympics on LA will be less on the quantitative side than on the qualitative side—meaning that we think the Olympics will have a very positive impact on the structural upgrades on LA's economy. For example, there will be great opportunities to promote tourism and convention industries in L.A., particularly Downtown L.A., which are perfectly aligned with the city's vision.”

As a result, he believes that the Olympics will bring even more population growth to the city, which will help to fuel more opportunities for developers. “We absolutely believe the Olympics will contribute to population growth,” he says. “There will be more investments, more developments, more consumption, therefore more sustainable jobs and opportunities.”

Los Angeles has a good history hosting the Olympics. The 1984 Olympics were the first profitable in history, and with Los Angeles' existing infrastructure, there is construction and money needed to host the games in 2028. However, an earlier analysis from the city show that the games will likely be a wash, but Gang still believes that the overall result will be positive. “All Olympics host cities that followed were inspired by L.A. on how to cope with the challenges and opportunities of the Olympics,” says Gang. “In 2028, LA will host the Olympics for the third time, and we are confident the city will be able to use this event to cultivate many opportunities for local business and the L.A. community at large.”

Although Greenland is supportive of Los Angeles hosting the Olympics, Gang says that it is too early to factor them into the firm's development strategy. “It may still be a bit early to have any solid action plan by the development community,” he says. “However, as we approach the Olympics, we anticipate the discussion and actions will get increasingly intense in the years to come.”