KTLA Bradley: "Tom Bradley press conference on financial obligations for the Olympics" (1978)

[Room noise]. [Silence]. [Mayor Tom Bradley] The proposal now having been declined by the IOC leaves us without that kind of alternative which I and members of the City Council had sought for so long- a protection against financial obligation by this city for the  promotion of the games. I am therefore sending the letter to the City Council recommending that they withdraw the bid for the 1984 Olympic Games. [Silence]. [Room noise]. [Bradley] You ready? [Room noise]. [Bradley] I've just received a letter from the International Olympic Committee in which they have rejected the proposal of the private  organizing committee for the City of Los Angeles to promote the games  in 1984 in the city. The proposal included a phrase which would have protected  the city against financial responsibility. [Silence]. ...private organising committee, which had been in negotiations with the IOC representatives, will also be sent this correspondence and they will be asked to examine it, to see whether in their negotiations there is some further room for discussion with the  U.S. Olympic Committee or with the IOC but it seems to me that at the moment this is where the situation lies and uh... we will await further developments by the private committee or by the City Council. Call on Councilman John Ferraro. [Councilmember John Ferraro] ...to say a disappointment to Los Angeles and uh...I hope that the committee... the private committee is able to come up... ...face to face with the International Olympic Committee Executive Committee and...and talk about... ...any unusual cost and we have done that and uh... [Unidentified Man] Our committee uh...as its next meeting on Thursday of this week and at that time we will take up this subject and discuss what our recommendations might be.  In reading the letter from Lord Killanin uh...in several places in...in clear English, indicates  that they have a desire to hold the Games in Los Angeles. We, likewise, have a desire to   have those Games here. From the beginning we have advocated doing that in a fashion that would protect the taxpayers of this community from any liability and that likewise is referenced in the letter from Lord Killanin. So we seem to be headed the same direction but we're perhaps not doing such  a good job of getting there and to some extent, I think, there's a communications gap. We have not had the opportunity, since Athens, to discuss these matters face-to-face with Lord Killanin or with any member of the Executive Committee of the International Olympic Committee. We met in Montreal but those were with representatives. So... everything they've heard, they've heard secondhand.   And, unfortunately, in the interim they've been traveling and have not been that available. So, uh...it looks like one good possibility would be what Mr. Ferraro has referenced and that would be for representatives of our committee to meet face-to-face with representatives of their committee, see if they mean what they say about desiring to hold the Games here in Los Angeles and together explore ways in which we can accomplish that. At any rate, that'll be a decision of our committee uh...  and as I indicated earlier, we'll meet later this week... [Silence]. [Bradley]...financial obligation by the City of Los Angeles,  the offer to host the Games should be withdrawn. [Unidentified Reporter] Mr. Ferraro...