LOS ANGELES (Reuters) - Kathy Carter, who this week was named CEO of the Los Angeles 2028 Olympic and Paralympic organizing committee, said the Games will be both fiscally sound and leave a lasting impact on the host city.

Carter told Reuters the "no build" Games will utilize the city's wide array of existing sports facilities and will cost about $6.9 billion, spending that will be offset by revenues from sponsorships, ticket sales and other sources.