#FollowTheSun to #LA2028
— LA 2028 (@LA2028) August 1, 2017
A new chapter in the city's Olympic story
where dreams become reality,
ideas shape the future,
champions are made! pic.twitter.com/CWfMBb0ZNo
CARSON, Calif. – The Olympic Games are returning to the City of Angels.
At a press conference at StubHub Center on Monday evening, Los Angeles Mayor Eric Garcetti announced a deal with the International Olympic Committee to host the 2028 Olympic and Paralympic Games allowing the 2024 Games to be held in Paris. The deal brings the Olympics back to the United States for the first time since 2002.
The Games will be Los Angeles’ third after the city hosted the world’s premier sporting event in 1934 and 1984.
“We know we will return the Olympic legacy to what it’s all about,” Garcetti told reporters.
Under the agreement that allows Paris to hold the 2024 Olympics, the IOC will give the Los Angeles organizers $1.8 billion and would make advance payments of $180 million to compensate the committee for the extra four years of planning as well as $160 million for various youth sports programs. The agreement will go before the Los Angeles City Council and the United States Olympic Committee this month, and if approved be sent to the IOC for ratification in September.
“This opportunity is unprecedented,” said the chairman of the bid committee, Casey Wasserman. “Never has an organizing committee had 11 years to prepare.”
The IOC will formally announce the hosts of the next two Summer Olympic Games at a conference in Lima, Peru on Sept. 13.
“We’re a city that has always been a Games-changer and again will be in 2028,” Garcetti said.
