Thursday, 21 September, 2017

IOC officially announces Paris, Los Angeles as Olympic hosts

IOC officially announces Paris, Los Angeles as Olympic hosts IOC officially announces Paris, Los Angeles as Olympic hosts
Vera Richards | 14 September, 2017, 00:32

After a debacle in Boston, the U.S. Olympic Committee turned to Los Angeles to host the Olympics.

The LA 2028 team were casual and relaxed, with Bid Chair Casey Wasserman promising a "unique brand of California cool".

Paris, with a total Games budget of €6.8 billion (NZ$11.1b), had failed with previous attempts to land the 1992, 2008 and 2012 Olympics.

IOC President Thomas Bach embraced both cities' mayors on stage after a unanimous show of hands by IOC members ratified the awards. Bid leaders estimate they can cover all expenses through revenues from broadcast rights, sponsorships, ticket sales and other sources.

John Coates, the head of the IOC's Tokyo Games co-ordination commission, praised organisers for their achievement, during his address to the International Olympic Committee session in the Peruvian capital.

The 2024 Games will mark the third time Paris has staged the Olympics, coming exactly 100 years after they last hosted the Games. "The notion that "L.A.is going to have the Olympics, one way or another" isn't necessarily true, as many opportunities still exist to intervene and stop them entirely".

Today's International Olympic Committee decision officially confirms that.

It was also announced today that the 2024 Olympics will be held in Paris.

"You can't imagine what this means to us".

Because it is certain of getting the 2024 Olympics, Paris has been able to plan its celebrations in advance. For the first time in a generation, we are bringing the Games back to the City of Angels.

The IOC Evaluation Commission which evaluated both cities earlier this year reconvened in August for a telephone conference call with Los Angeles organizers to review any issues for changing the bid to the 2028.

The only question was: Which city would agree to take 2028?

For Paris, however, the wait has been considerably longer.

The deal was sealed on July 31 after weeks of steady negotiations between the three parties.

In return for going second, L.A. will not have to pay tens of millions in International Olympic Committee fees and will receive a $180-million advance, most of which will go to funding youth programs citywide beginning as soon as next year.

This time, no unpleasant surprises for Los Angeles and Paris.

Los Angeles Mayor Eric Garcetti said, "This is a momentous day for the people of Los Angeles and the United States". "I am thrilled to begin the next chapter of this process".

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