Paris, LA confirmed by IOC as hosts of '24, '28 Olympic Games

15 September, 2017, 00:50 | Author: Gary Shelton
  • Paris and Los Angeles win bids to host Olympic Games in 2024 and 2028

Los Angeles Mayor Eric Garcetti signed the "host city contract" immediately after the International Olympic Committee vote, promising the city government will serve as a financial backstop to pay off any debts should the estimated $5.3-billion sporting event run over budget, according to the Los Angeles Times. "There are 11 years to maximise it for city and the movement".

"These are two great cities from two great countries with a great Olympic history".

With the blessing of the 130th IOC Session that met in Lausanne in July, the IOC, Los Angeles, Paris and their National Olympic Committees have been working together in order to reach the agreement that was ratified by the IOC Session today.

Los Angeles 2028 leaders were equally ecstatic.

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Garcetti said: "The Olympics are in our blood, our DNA". President Thomas Bach asked if the vote could be by a show of hands, and nobody objected. "A hundred years after 1924 we are bringing the Games back to Paris".

Paris and Los Angeles were the only bidders for the 2024 edition after competitors left the race over worries of cost. While several L.A. residents objected to hosting the games, which the city previously hosted in 1932 and 1984, the Los Angeles City Council unanimously backed the bid.

It wasn't such a bad idea considering the news still seeping out about a bid scandal involving a Brazilian IOC member's alleged vote-selling to bring the 2016 Olympics to Rio de Janeiro.

After the announcement, representatives from the two host cities, the IOC and President Bach signed official contracts for the Olympic Games, respectively.

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Do you something awesome to share with the world? A new IOC evaluation committee report nodded off the switch as LA now became the first city to have 11 years to prepare for the Games.

The French capital is set to be confirmed as the Olympic host in 2024, with the 2028 Games going to Los Angeles.

The LA Games have a budget of $5.3 billion and will essentially follow the plan they had in place for 2024, including housing athletes at the UCLA campus.

Both cities are making extensive use of existing and temporary venues and have huge public support, and are planning with budgets of well under 10 billion dollars - modest, especially compared to the estimated 50 billion dollars Russian Federation spent on the Sochi 2014 Winter Games. It will be the first time in 21 years that the Olympics come to the United States.

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