Los Angeles reaches deal to host 2028 Olympics

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.



Related Posts

'Black America' alternate-history series in the works at Amazon
Coups, assassinations, regime change and military incursions have occurred over the past 150 years in the drama. It hit a raw nerve on issues of racism and slavery that are still felt today.

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.

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.

The Energy Transfer Equity, LP (NYSE:ETE) Lifted to Hold at BidaskClub
Energy Transfer Partners, L.P. recently declared a dividend for shareholders to be paid on Monday the 14th of August 2017. Stifel raised its rating on Energy Transfer Partners, L.P.to Buy on 09/05/2017 in a reversal from its prior Hold rating.

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.

WINTON GROUP Ltd Raises Position in The Priceline Group Inc. (NASDAQ:PCLN)
Shares for $221,308 were sold by Tans Gillian . $1.93 million worth of stock was sold by Jassy Andrew R on Wednesday, February 15. The stock decreased 1.03% or $0.02 on July 31, reaching $1.93. (NYSE:JPM) has risen 33.74% since July 31, 2016 and is uptrending.

The Mizuho Downgrades Noble Midstream Partners LP (NYSE:NBLX) to Neutral
The stock of Bemis Company, Inc. (NYSE:BMS) hit a new 52-week low and has $38.95 target or 8.00% below today's $42.34 share price. Finally, Rafferty Asset Management LLC acquired a new stake in Antero Midstream Partners during the first quarter worth $245,000.

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.

Applied Materials, Inc. (AMAT) Stake Decreased by Nisa Investment Advisors LLC
Applied Materials (NASDAQ:AMAT) last posted its quarterly earnings results on Thursday, May 18th. (NASDAQ:AMAT) for 61,962 shares. State Board Of Administration Of Florida Retirement Sys holds 0.01% of its portfolio in ONE Gas Inc (NYSE:OGS) for 31,644 shares.

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 ".

© 2015 ExpressNewsline. All Rights reserved.