Published: Wed, August 02, 2017
Sports | By Nelson Rowe

Los Angeles signs deal to officially host 2028 Summer Olympics

Los Angeles signs deal to officially host 2028 Summer Olympics

Los Angeles has reached an agreement with worldwide Olympic leaders that will open the way for the city to host the 2028 Summer Games, while ceding the 2024 Games to rival Paris.

Los Angeles has reached a deal to stage the 2028 Olympic Games. If approved, the IOC, LA 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 LA.

Paris and Los Angeles were left as the only contenders for 2024 when Budapest withdrew its bid in February.

L.A. officials estimate the 2028 Games will cost approximately $5.3 billion and expect to cover most costs through revenue from sponsorships and ticket sales. Bid leaders have predicted that the games will make money, which can be used for youth sports - as was the case after the 1984 Olympics.

Paris and L.A. were both in contention for the 2024 games.

Paris has been passed over in recent bids, and was eager to mark the centenary of the 1924 Paris Olympics by hosting in 2024.

Although an announcement has not been made publicly, multiple sources say that the California city has reached a deal with the International Olympic Committee.

The Summer Olympics will head to Los Angeles in 2028, according to a spokeswoman for L.A. City Council President Herb Wesson. Paris received the nod for 2024 because L.A. officials showed more willingness to wait an extra four years in order to bring the Summer Olympics back to American soil.

Bach called the IOC's decision "a golden opportunity" then, and the agreement allows the International Olympic Committee to secure the future of the Summer Olympics for more than a decade while giving each of the cities an event they have coveted. The last time the Summer Olympics were held in the United States was 1996 in Atlanta, the Winter Olympics were held in Salt Lake City in 2002. Awarding two separate games to two bidders is an unusual step, but the committee considered both bids to be strong.

Download the Nigeria Today app from Play store.

Like this: