Compromise sets 2024 Games in Paris, 2028 in LA – ESPN

 In U.S.
The Los Angeles 2024 Olympic Bid Committee has scheduled a news conference for 8 p.m. ET on Monday at the StubHub Center, where Mayor Eric Garcetti is expected to formally announce the city has reached an agreement with the International Olympic Committee to host the 2028 Games.

The decision means Paris will host the 2024 Olympics and marks the return of the Summer Games to the United States for the first time since 1996 in Atlanta. Los Angeles (1932, 1984, 2028) and Paris (1900, 1924, 2024) will join London as the only cities to host three Olympic Games.

Both Games will be officially awarded at the 130th IOC session in Lima, Peru, on Sept. 13.

The Los Angeles bid committee announced the agreement in a statement Monday, outlining the basic terms that were reached with the International Olympic Committee as part of the deal. As part of the Host City Contract, the IOC is set to contribute at least $1.8 billion to help carry Los Angeles through the longer planning period. According to the statement, that amount could exceed $2 billion if future budgets factor in potential changes in sponsorship agreements and new marketing deals.

The L.A. bid committee also thanked the Trump Administration, the White House Office of American Innovation and the U.S. Senate and House of Representatives for their support of the bid: “The USOC and Los Angeles bid team greatly appreciate their strong commitment to bringing the Olympic and Paralympic Games back to the United States,” the statement said.

“This is an historic day for Los Angeles, for the United States and for the Olympic and Paralympic Movements around the world,” Garcetti said in the statement. “This agreement with the IOC will allow us to seed a legacy of hope and opportunity that will lift up every community in Los Angeles — not in 11 years’ time, but starting now and continuing in the years leading up to the Games. LA 2028 will kick-start our drive to make LA the healthiest city in America, by making youth sports more affordable and accessible than ever before.”

The final hurdle will be approval from the Los Angeles City Council and United States Olympic Committee board of directors; City council spokeswoman Caolinn Mejza said the pact is expected to be reviewed by the council later this week.

The path to an unprecedented double award was paved last month in Switzerland, where the IOC membership unanimously approved the executive board’s recommendation to give the 2024 and 2028 Games to the two candidate cities remaining, Paris and Los Angeles. After that vote, Garcetti and Paris Mayor Anne Hidalgo joined hands on the stage in celebration.

For the past three weeks, leaders from both bids and the IOC have negotiated the terms of a dual-bid allocation. Paris leaders have long said they could host in 2024 because the land where they plan to build the Olympic Village would be available for those Games only. Los Angeles officials publicly stated a preference for 2024 but expressed a willingness to host in 2028 if the IOC made the risk that comes with waiting four more years worthwhile.

“I don’t want the Olympics at any price,” Garcetti told ESPN in June. “I won’t accept these Games if they put the city in debt or at risk. I won’t do it if there’s not a genuine human legacy and instead it’s just a vanity party for 2 1/2 weeks.”

Though the details of the agreement have not been made public, Garcetti hinted earlier this week that negotiations were heading in the right direction.

“They are making it financially — and we are negotiating this — so attractive we would be stupid not to take 2028,” he told Buzzfeed.

Los Angeles has reached an agreement that would allow the city to host the 2028 Summer Olympics. An announcement on the compromise is expected Monday. Kevork Djansezian/Getty Images

In September 2015, Garcetti stood at Santa Monica Beach and officially announced that Los Angeles had replaced Boston as the U.S. candidate city for 2024. At the time, the grassroots #NoBostonOlympics campaign raised questions about the taxpayer cost of hosting the Games; public approval plummeted, torpedoing Boston’s bid. The USOC quickly turned to Los Angeles, where an independent poll found that 88 percent of residents were in favor of hosting the Games.

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