Los Angeles reaches deal to host 2028 Olympics

Share
Los Angeles reaches deal to host 2028 Olympics

With only Paris and Los Angeles bidding for 2024, that essentially meant both cities would win Olympic bids, with the details to be worked out before the IOC met again to officially ratify the decision in September.

A representative for Hidalgo's office, speaking on condition of anonymity, said definitive word was expected to come when the International Olympic Committee meets in September in Lima, Peru, after several more steps in the procedure had been finalised. The IOC has assured that the program for 2028 will remain consistent with that in 2024 meaning the LA project wouldn't need to change much for the subsequent edition of the Games.

The committee said the 2024 and 2028 games would be held in L.A. and Paris - but it didn't specify who would host which year.

The report comes Monday after the Los Angeles Times spoke to a source close to the negotiation, and an announcement is expected later in the day.

Paris is widely seen as the favorite for 2024.

The French capital and California metropolis both put forward bids that fulfilled the IOC's top priorities: cost-cutting, environmental protection and assuring long-term benefits for the host community. Tokyo, Japan, will host the 2020 Summer Olympics. Paris has not hosted a Summer Olympics since 1924.

"We are very confident that we can reach a tripartite agreement under the leadership of the International Olympic Committee with LA and Paris in August, creating a win-win-win situation for all three partners", Bach said.

So, to offset the cost, the IOC has pledged to give $1.8 billion to L.A.'s organizing committee for the 2028 Summer Games.

The Olympics were previously held in Los Angeles in 1984.

"This "news" has been an open secret for months, but it's not a done deal". After having no football in their city for years, now they have two franchises, the Lakers drafted a potential superstar in Lonzo Ball with the second overall pick in the NBA Draft and the Dodgers might never lose another game.

Share

Advertisement

Related Posts

A 'Nightmare Before Christmas' sequel is coming next year
No specific release date has been announced, but Zero is expected to begin fluttering through Christmas Town in spring 2018. This will be a departure from the typical way in which the publisher releases its comics.

US Senate passes sanctions bill against Russia, Iran and North Korea
On Thursday, Mr Putin said investigations into Russian hacking were only a symptom of growing anti-Russian hysteria in the United States.

As Verdict Nears, Former Thai Leader Yingluck's Trial Rattles Junta
Meanwhile, more than 1,000 supporters showed up outside the court in Bangkok in defiance of a government warning not to gather. But the scheme backfired, sustaining over $1 billion in losses and leaving Thailand with huge stockpiles of unsold rice.

Blackstone buys stake in Energy Transfer's Rover pipeline for $1.57B
Energy Transfer plans to the proceeds from the sale to trim its debt and fund its current growth projects. Blackstone was advised by Intrepid Partners and by Morgan Stanley on the transaction.

Investigation Launched As Two GAA Drug Test Samples Vanish In Transit
A doping probe has been launched in the GAA after urine samples went missing, and several testing sessions were missed. . In each case, the squads were not present for testing despite their schedules being agreed months in advance.

Royal Caribbean reports highest second quarter earnings in company history
A number of investment brokers have recently updated their price targets on shares of Royal Caribbean Cruises Ltd . (NYSE: RCL ). The stock of Royal Caribbean Cruises Ltd (NYSE: RCL ) earned "Outperform" rating by Macquarie Research on Tuesday, October 4.

Idris Elba joins Jimmy Fallon for a Google Translate karaoke session
Let's just say that man could "place kindness" on us "to our liking yes" any time! Ha! "Ladies, I'll always love you". After Fallon sang a version of Britney Spears' ... " Baby One More Time ", which translated into, " Meet my kids ".

Alibaba Group Holding Limited
Alibaba Group Holding Limited shares increased 3.73 percent over the past week and rose 9.45 percent over the previous month. RBC Capital Markets maintained Alibaba Group Holding Ltd (NYSE:BABA) on Wednesday, October 28 with "Outperform" rating.

Nike, Inc. (NYSE:NKE) Insider Eric D. Sprunk Sells 112323 Shares
The footwear maker reported $0.60 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.10. The stock of XPO Logistics Inc (NYSE:XPO) has "Buy" rating given on Tuesday, February 7 by Seaport Global Securities.

Bentley unveils their menacing Flying Spur V8 S Black Edition
The fundamentals of the Flying Spur remain, with a 4.0 litre, twin-turbocharged petrol V8 producing 528 PS and 680 Nm of torque. Bentley has revealed its Flying Spur V8 S Black Edition, a darker and more powerful version of the luxury saloon.

© 2015 ExpressNewsline. All Rights reserved.