LA to host ’28 Games

Northwest Arkansas Democrat-Gazette - - SPORTS -

Los An­ge­les lead­ers reached a deal with Olympic or­ga­niz­ers to host the 2028 Sum­mer Olympics. The Cal­i­for­nia city had sought to win the 2024 Games, but ended up agree­ing to wait four more years. Los An­ge­les Mayor Eric Garcetti said the In­ter­na­tional Olympic Com­mit­tee is ex­pected to rat­ify the agree­ment in Septem­ber. Los An­ge­les last hosted the Sum­mer Olympics in 1984.

Los An­ge­les reached an agree­ment Mon­day with in­ter­na­tional Olympic lead­ers that will open the way for the city to host the 2028 Sum­mer Games, while ced­ing the 2024 Games to ri­val Paris, of­fi­cials an­nounced Mon­day.

The deal would make LA a three-time Olympic city, af­ter host­ing the 1932 and 1984 Games.

Mayor Eric Garcetti said it was a “his­toric day for Los An­ge­les, for the United States” and the Olympic move­ment.

The agree­ment fol­lows a vote ear­lier this month by the In­ter­na­tional Olympic Com­mit­tee to award the 2024 and 2028 Games si­mul­ta­ne­ously. Paris is the only city left to host the 2024 Games.

The Los An­ge­les City Coun­cil and U.S. Olympic Com­mit­tee board of di­rec­tors will con­sider the agree­ment for ap­proval in Au­gust. If ap­proved, the IOC, LA and Paris may en­ter a three-part agree­ment, clear­ing the way for the IOC to si­mul­ta­ne­ously award the 2024 Games to Paris, and the 2028 Games to LA. The IOC vote is sched­uled for Septem­ber, in Lima, Peru.

The Paris bid com­mit­tee is­sued a state­ment that it wel­comed the an­nounce­ment in Los An­ge­les but stopped short of con­firm­ing the ob­vi­ous, that Paris is in line for the 2024 Games.

In em­brac­ing what amounted to the sec­ond-place prize and an 11-year wait, LA will re­ceive a fi­nan­cial sweet­ener.

Un­der the terms of the deal, the IOC will ad­vance funds to the Los An­ge­les or­ga­niz­ing com­mit­tee to rec­og­nize the ex­tended plan­ning pe­riod and to in­crease youth sports pro­grams lead­ing up to the Games. The IOC con­tri­bu­tion could ex­ceed $2 bil­lion, ac­cord­ing to LA of­fi­cials. That fig­ure takes into ac­count the es­ti­mated value of ex­ist­ing spon­sor agree­ments that would be re­newed, as well as po­ten­tial new mar­ket­ing deals.

The de­lay to 2028 opens a host of ques­tions for Los An­ge­les, which is look­ing at the prospect of re­tool­ing its multi­bil­lion-dol­lar plans for more than a decade into the fu­ture. It would face chal­lenges from main­tain­ing pub­lic in­ter­est to re­cast­ing deals for sta­di­ums, are­nas and hous­ing that have been in the works for months and even years.

LA and Paris were the last two bids re­main­ing af­ter a tu­mul­tuous process that ex­posed the un­will­ing­ness of cities to bear the fi­nan­cial bur­den of host­ing an event that has be­come syn­ony­mous with cost over­runs.

AP file photo

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