Los Angeles officially awarded 2028 Olympics
Los Angeles’ efforts to host the Olympics for a third time were rewarded Wednesday when the International Olympic Committee (IOC) finally announced the city will host the 2028 Summer Games while Paris will be the venue in 2024.
IOC members voted their approval with a show of hands at a session in Lima, Peru, ending an unusual bid competition that resulted in two winners, said the Los Angeles Times.
Paris, which has hosted two previous Olympics, will stage the event 100 years after its last Games in 1924 while Los Angeles will also organize its third Games after 1932 and 1984, said Reuters.
“This is a win-win-win situation for Paris, Los Angeles and the entire Olympic Movement,” said IOC President Thomas Bach. The IOC announced two host cities at the same event, with Bach calling it a “golden opportunity” to award two Games, CNN reported.
“Like anything worth fighting for, this was a long journey,” Mayor Eric Garcetti said, the LA Times reported. “Little by little, we got a victory.
Bach and Garcetti sat at a long table where the mayor signed the “host city contract,” obligating LA to serve as a financial backstop, paying off any debts should the estimated $5.3-billion sporting event run over budget, said the LA Times.
The private LA 2028 bid committee has vowed to control costs by using existing venues such as the Coliseum and Staples Center, as well as the Rams’ stadium currently under construction, the LA Times reported.