The IOC (International Olympic Committee) made a historic announcement by announcing two cities that will have won an Olympic bid: Los Angeles and Paris. Paris has won the bid for the 2024 Olympics, for the 100th anniversary of the 1924 Olympics which they hosted as well. Los Angeles will host the 2028 Olympics 4 years later.

This is the first time that the IOC has made a dual announcement. This also comes with just two cities bidding for the 2024 summer games, with a deal that allowed Paris to go first to celebrate the anniversary. Los Angeles will go second, and receive $180 million from the IOC. The deal was unanimous.

This, however, is not going to be a huge windfall for Los Angeles. In fact, this is only the beginning of the nightmare for the City of Angels.

Insane costs are almost inevitable

The way bids work for the IOC is that a city will provide venues for the Olympic Games to be held. Usually, that bid also requires a significant investment in the necessary infrastructure, as well as being able to handle the influx of people to the host city. This all seems reasonable, until you realize that these projects are held to short construction times, are riddled with overruns, and rack up a serious amount of debt for the host cities.

Next: The amount of debt will make you cringe

Cities rack up enormous debt

The Sochi Olympics were the most expensive Olympics to ever be held, costing at least $21 billion, and possibly as much as $51 billion. Cost overruns attribute to huge amounts of debt. Cities around the world are still paying off their debts from past Olympic competitions. Montreal, for example, took 30 years to pay off the debt that it accumulated bending over backward for the IOC.

Next: See what happens when you add more people to one of the biggest cities in the world.

Infrastructure will be overloaded

Infrastructure is one of those key aspects that the IOC looks at in a cities bid for the Olympic Games. This is what generally attracts city officials to the IOC in general. Additionally, it’s a great way to drum up support for infrastructure projects. It sounds good in theory, but the actual impacts are a wash at best. Los Angeles already has pretty terrible traffic. Now add endless infrastructure projects to that, and a flood of hundreds of thousands of attendees, athletes, and officials, it’s only gonna get worse.

Next: The IOC and Cities secret ploy should sicken you

Gentrification will run rampant

It is wildly known that the projects that are undertaken for any host city of the Olympics will require a lot of land. A good deal of the time, that land comes from the poorest neighborhoods. In the recent 2016 Summer Olympics in Rio, there were many reports about how the favelas (essentially, Brazilian shanty-towns) were being torn apart, and the residents were literally kicked out. In the case of Brazil, that’s the most extreme case of this happening. However, America is not immune to these actions. Take a look at Atlanta, who experienced the same sort of gentrification that is likely to happen in LA. Some argue that this is secretly a goal of the IOC and City officials.

Next: People will probably die or be seriously injured. Here’s why

Security will be a logistical nightmare

For any large event, there needs to be security. But we live in and around the constant threat of a terrorist attack, an the Olympics is a huge target. In order to defend against those attacks properly, the host cities need to have extra security working around the clock, and have it proportionate to a number of people living in the area. That being so, Los Angeles is one of the largest cities in the world, making it incredibly difficult to properly staff an effective security force.

Next: The aftermath is almost worse than the event

The boneyard of broken Olympic dreams

In the aftermath of every Olympic event, there are monuments to its utter pointlessness. Just take a tour of Athens, Greece. Athens is probably the poster child of why hosting the Olympics is such a terrible idea. All around the city, there are sporting facilities that haven’t been used until very recently, and the only reason they’re being used at all is to house refugees from Syria. Other than that, the stadiums have been dormant, while facilities fell into disrepair. It became a dystopian nightmare for the city of Athens, and we see similar pictures in Beijing, China, and Rio, Brazil.

Next: Corruption will go wildly unchecked

An endless stream of corruption

Corruption and large-scale sporting events often go hand in hand, especially for the Olympics. On multiple occasions, the IOC has been accused of corruption. It’s not limited to just the IOC either. It’s also the governments of various host countries, and all the contractors building the necessary infrastructure.

The simple size and scope of the Olympics are so big, that there are too many moving parts to keep track of and regulate. It’s insanely easy to take kick-backs during the construction period of any Olympic event. Russia is an ideal example of that corruption running rampant. In Sochi, the construction kick-backs and embezzlement were so bad, that the water quite literally turned brown. There’s even a call to ban the country from ever competing in the Olympics.

Los Angeles has all this and more to look forward to in the distant future, and residents should be ready for what could be an expensive disaster for years to come.