LA agrees to host 2028 Games, Paris set for 2024 Olympics

Muscat Daily - - PRESS RELEASES -

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."

(AFP)

A file photo dated June 24 shows a gi­ant ban­ner with the logo of the Paris bid for the 2024 Sum­mer Olympic Games

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