IOC confirms Paris will host 2024 Olympic games, LA for 2028

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Paris and Los Angeles have been named as hosts of the 2024 and 2028 Olympics respectively by the International Olympic Committee.

The destiny of the Summer Olympics and Paralympics is set for the next 11 years. LA and Paris will join London as the only cities to host the Olympics three times. "For the first time in a generation, we're going to bring you an Olympics home".

France's most populous city will welcome the world's best athletes on the 100th anniversary of its last stint as host in 1924.

The California metropolis will receive roughly United States dollars 100 million more than Paris 2024 in International Olympic Committee funding for 2028, and will also benefit from a USD 180 million interest-free advance which means the city can begin to create a sporting legacy well before the Games take place in 11 years time. "Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way", Bach added.

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He said he can't wait for his city to welcome the worldwide event back.

Proskauer has advised LA28 on a wide variety of matters and will continue to serve as legal counsel and strategic adviser to the Los Angeles 2028 Organizing Committee, which is led by Mayor Garcetti, Chairman Casey Wasserman and CEO Gene Sykes, as they prepare to host the 2028 Games and write the next chapter in L.A.'s storied Olympic history.

"This new MOU ensures that our city priorities remain front-and-center in LA 2028's preparations for the Games. I am confident that no matter where the Olympic Games would be held ... baseball/softball would be a great part of the Olympic sports program". Its original 2024 bid city, Boston, dropped out two years ago after lack of local support. Researchers at Oxford's Saïd Business School estimate the cost overrun for the 2016 Summer Olympics, in Rio de Janeiro, was $1.6 billion. Initially agreed to over the summer, the three-way deal followed an exodus of other bidders for the 2024 games, reported Ben Bergen, of member station KPCC, in June. Los Angeles Mayor Eric Garcetti and members of the city's bid committee were there for the IOC's announcement. After initial reports indicated that Paris was the favorite to host in '24, L.A. leaders indicated they were willing to host in '28. It bid unsuccessfully for the games of 1992, 2008 and 2012. AB 132, which promises $270 million, is now making its way through the Legislature.

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