Los Angeles makes deal to host 2028 Summer Olympics: city officials

Los Angeles 2024 candidacy Paris 2024 candidacy and the International Olympic Committee, during the International Olympic Committee Extraordinary Session at the Swiss Tech Convention Centr

Los Angeles 2024 candidacy Paris 2024 candidacy and the International Olympic Committee, during the International Olympic Committee Extraordinary Session at the Swiss Tech Convention Centr

Now, it seems that Los Angeles bid leaders have accepted the longer wait time, but further details about the agreement have not yet been announced.

Paris and Los Angeles were the only two cities to reach the final stage of bidding for the 2024 Olympic Games.

Los Angeles had argued that it could host a low-priced Olympics given that it already has all the necessary infrastructure in place, while Paris would need to build several expensive structures.

Los Angeles and Paris were finalists to host the 2024 games.

That would be a much better idea than having it go to places like Brazil where they essentially went bankrupt trying to accommodate the Olympics and would help alleviate the continued corruption surrounding the process of picking new locations.

It would be the third time that L.A. has hosted the Olympics - it hosted in 1932, 1984 - and the first time since 1996 that the host city was in America.

The L.A. bid does not rely on public financing, but the city and state have agreed to provide a financial backstop in case of cost overruns. Originally, five cities were competing for the games, but Rome, Hamburg and Budapest all dropped out.

Garcetti later stated it "would be stupid not to take 2028".

While Los Angeles was expected to push for youth sports funding and other possible financial considerations, terms of the deal were not immediately known.

The mayor's office did not immediately respond to BuzzFeed News' request for comment Monday. Anything beyond that amount would fall back to the city.

However, a spokesman later told BBC Sport: "LA is the ideal host city for 2024 and is not conceding anything in the race for the 2024 Games".

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