LA agrees to host 2028 Games, Paris set for 2024 Olympics
Los Angeles, US - Los Angeles announced its intent to host the 2028 Olympics on Monday, paving the way for Paris to host in 2024 in a deal hailed as a win-win-win for both cities and the Olympic movement.
"I am proud to announce the Olympic Games are coming back to the United States of America," Los Angeles mayor Eric Garcetti said at ceremony at the StubHub Center stadium.
"In 2028, we are bringing the Games back to LA, one of the great capitals of the Olympic movement. A city that has always been a Games changer and will be again in 2028."
Los Angeles had been in a race with Paris to follow Tokyo 2020 as the 2024 host with the winner to be named by the IOC on September 13 in Lima, Peru.
But the possibility that Los Angeles would abandon a 2024 bid and instead accept the 2028 Games has been growing since the IOC decided in July that it would attempt to award both Games at its Lima meeting.
Paris had remained insistent on hosting in 2024, on the 100th anniversary of the city's 1924 Olympics. LA officials, who had put forward a US$5.3bn bid for 2024, said an agreement had been reached with the IOC on financial considerations that would make waiting an extra four years feasible.
Bid chief Casey Wasserman said the IOC had waived various fees and payments that could ultimately save LA organisers millions. The IOC will also advance US$180mn to LA organisers to lessen the impact of the longer leadup time, money that nor- mally wouldn't be disbursed until closer to the Games kickoff.
"The IOC contribution as stipulated by the HCC is US$1.8bn and has the potential to exceed US$2bn according to the evaluation of the LA bid committee when taking into account the estimated value of existing sponsor agreements to be renewed and potential new marketing deals," the bid committee said in a statement.
Garcetti added, "This deal was too good to pass up."
The deal will bring the Games back to Los Angeles for a third time, after the city hosted in 1932 and 1984. The agreement must still be approved by the Los Angeles City Council and the United States Olympic Committee (USOC) - both of which backed the 2024 bid.
City Council president Herb Wesson, an enthusiastic supporter of the Games, said the council committee on the Games would thoroughly vet the new proposals before making its recommendation to the full council for a vote hopefully within two weeks.
Local backing is crucial to the success of any Games, but federal government support is also key since the national government will play a key role in security.
Wasserman singled out the support of US President Donald Trump as helping to bring the Games back to the US.
"I am confident that the Summer Games in Los Angeles will exemplify both the Olympic ideal and the American spirit, and we look forward to hosting them," Trump said in a statement after the announcement.
The US last hosted the Sum- mer Olympics in Atlanta in 1996 while the Winter Games were held in Salt Lake City in 2002.
IOC president Thomas Bach also said he was confident any remaining hurdles could be cleared.
"We are very confident that we can reach a tripartite agreement under the leadership of the IOC with LA and Paris in August, creating a win-win-win situation for all three partners," he said. "This agreement will be put forward to the IOC Session in Lima in September for ratification."
Paris Mayor Anne Hidalgo said on Twitter: "Happy that my friend @MayorofLA has made an important new step on an agreement that will have three winners: Paris, Los Angeles and the IOC #Paris2024."
A file photo dated June 24 shows a giant banner with the logo of the Paris bid for the 2024 Summer Olympic Games