Hosting the Summer Olympics in Los Angeles (again), we are told, would be a huge money-maker for the region. Why, according to the Southern California Committee for the Olympic Games, were the 2016 Olympics to come to the Southland, it would bring in some $7 billion. Which is great, but if true, why would the games require a quarter-billion-dollar taxpayer insurance policy? Last week, the California Assembly voted to authorize up to a $250 million bailout should the games fail to turn a profit. This, from a government that can’t provide for basic infrastructure without turning to massive bond initiatives, is stunning. Yes, hosting the games for a third time would be a fine feather in L.A.’s cap. But most Angelenos would gladly give up all the feathers in the world for things such as drivable freeways, good schools and safe streets. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!