L.A. hosts in 2028

The Denver Post - - SPORTS - By Michael R. Blood

The Associated Press

LOS AN­GE­LES» 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 ar­range­ment would make Los An­ge­les a three-time Olympic city, af­ter host­ing the 1932 and 1984 Games.

With the agree­ment, the city is tak­ing “a ma­jor step to­ward bring­ing the Games back to our city for the first time in a gen­er­a­tion,” Mayor Eric Garcetti said in news re­lease.

He called it a “his­toric day for Los An­ge­les, for the United States” and for the Olympic move­ment.

The agree­ment fol­lowed a vote ear­lier in July by the In­ter­na­tional Olympic Com­mit­tee to seek a deal to award the 2024 and 2028 Games. 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, Los An­ge­les 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 Los An­ge­les. The IOC vote is sched­uled for Septem­ber in Lima, Peru.

In em­brac­ing what amounted to the sec­ond-place prize and an 11-year wait, L.A. 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 L.A. of­fi­cials. That fig­ure takes into ac­count the es­ti­mated value of ex­ist­ing spon­sor agree­ments that would be re­newed, as well as po­ten­tial new mar­ket­ing deals.

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

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