by Lisa A. Grimaldi | August 01, 2017
The city of Los Angeles, which aimed to host the 2024 Summer Olympic Games, has reached an agreement with international Olympic leaders to host the event in 2028.  The deal, which has been in the works for several months, means Paris will host the 2024 Summer Olympics, following Tokyo in 2020.
 
L.A. and the state of California have agreed to provide financial backing in case of cost overruns, although the city's bid will not rely on public financing, according to press reports.
 
The IOC convened on July 11-12 and agreed that Paris and Los Angeles would be the host cities for the two future games, but didn't announce who would hold which year's event. Following the vote, Paris was seen as the frontrunner for 2024.
 
The two cities and the IOC struck a three-way deal to ensure the dates of the games would be locked in. If the deal fell through, it was possible that the 2028 games would have once again been up for grabs.
 
Upon yesterday's announcement, Herb Wesson, Los Angeles City Council president, said in a statement, "Hosting the Olympic and Paralympic Games for the first time in 44 years is a golden opportunity for L.A. In 1932 and 1984, the Olympic Games helped to transform our city for the better - not just through bricks and mortar, but through new opportunities for our communities to watch, play and benefit from sport. Over the next 11 years and beyond, we want to bring those benefits to young people across this city on an unprecedented scale."

The Los Angeles Tourism & Convention Board's president and CEO, Ernest Wooden, Jr., told M&C, "It's a privilege and an honor to host such a significant event in Los Angeles. Our local hospitality, travel and tourism businesses are ready to ensure that our visitors and athletes have an unforgettable experience in one of the world's most dynamic cities. The branding notoriety that L.A. stands to receive for the next 11 years, and beyond, is invaluable."
 
A spokesperson for the Paris Convention and Visitors Bureau told M&C, "Paris is ready… that's all we can say for now."
 
IOC president Thomas Bach called Los Angeles an "excellent" candidate for the 2028 games in a statement posted to the IOC website. "The IOC welcomes this decision of the Los Angeles Olympic and Paralympic Candidature Committee. and we are pleased to release the host city contract for 2028 in a transparent and timely manner," Bach said.
 
In recent years, the U.S. has lost two Summer Games bids -2012 for New York City and 2016 for Chicago; Paris was a finalist for 1992, 2008 and 2012. L.A. previously hosted the 1932 and 1984 Games.