Los Angeles Officially Gets 2028 Olympics, Paris To Host 2024 Games

10 2017 shows Los Angeles Mayor Eric Garcetti shaking hands with International Olympic Committee President Germany's Thomas Bach during their visit to the Olympic Museum on the eve of their bid presentation bef

Throughout the bidding process, Paris has appeared less likely to be open to hosting the 2028 Games while Los Angeles was reportedly seeking some concessions for waiting the additional four years.

Since April, officials from the LA and Paris bid teams have been in negotiations with International Olympic Committee representatives in an effort to settle on a "tripartite agreement" that would dictate which city goes first, with LA officials seeking certain financial concessions for stepping aside and waiting until 2028. So they made the unprecedented decision to simultaneously award the 2024 and 2028 games to the two cities in contention.

In May, Mr Garcetti said Los Angeles would not be opposed to hosting in 2028, remarking that "an Olympic win is an Olympic win". Garcetti appeared onstage at the International Olympic Committee headquarters in Switzerland moments after the unanimous vote with Paris Mayor Anne Hidalgo to offer members their appreciation. The announcement clears the way for Paris to hold the Olympics in 2024.

Los Angeles has reached a deal to stage the 2028 Olympic and Paralympic Games. L.A. claims it will get the money back - the city did turn a profit off the 1984 Olympics - but historically, cities overestimate how much they will earn from the games and underestimate how much they will spend.

The U.S. Olympic Committee has been trying to bring the Summer Games back to the United States for more than a decade, with failed bids for 2012 with NY and 2016 with Chicago. While hosts of Summer Olympics win more total medals, the average medals won per athlete actually declines - though they do note "this result is not statistically distinguishable from a difference of zero".

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The IOC said it would make contributions to the Los Angeles organizing committee worth $1.8 billion. Of the last 17 Olympics, only twice has a host country won fewer medals during the host year than the year before it.

IOC President Thomas Bach said "the IOC welcomes this decision of the Los Angeles Olympic and Paralympic bid committee".

The US was "the saviour of the Olympic movement" when it risked financial troubles in the 1980s, Patrick Nally, a sports marketing specialist who was one of the creators of the IOC's The Olympic Partner (TOP) sponsorship programme, told AFP earlier this year.

The IOC will ratify the L.A. -Paris agreement September 13 in Lima, Peru.


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