Paris, LA will host Olympics

IOC President Thomas Bach and LA Mayor Eric Garcetti hold signed host city contract

Paris officials were adamant about not waiting an extra four years, while Los Angeles officials were more amenable to hosting in 2028.

Los Angeles Mayor Eric Garcetti signed the "host city contract" immediately after the International Olympic Committee vote, promising the city government will serve as a financial backstop to pay off any debts should the estimated $5.3-billion sporting event run over budget, according to the Los Angeles Times.

"Together we must do everything in our power to ensure that Paris hosts a magnificent games in 2024".

The vote marked the final act of a campaign that had been stripped of the usual intrigue ever since Paris and Los Angeles agreed to carve up 2024 and 2028 following encouragement from the IOC. "This historic double allocation is a "win-win-win" situation for the city of Paris, the city of Los Angeles and the IOC", said the IOC President, Thomas Bach.

Dancers perform during the opening ceremony of the 131st IOC Session in Lima.

It will also mark the third time that Los Angeles has hosted the Olympics following successful editions in 1932 and 1984.




"L.A.is a city where the Games are not a barrier to making progress; we know that they are an accelerating force to re-envisioning a better city and a better world in the days ahead as we welcome you back to the City of Angels", he said, mentioning his 5-year-old daughter Maya, who will be 16 when the Olympics kick off in the city in 2028.

The pre-ordained outcome did little to dampen celebrations inside the Lima Convention Centre, where Paris and Los Angeles officials cheered and congratulated each other. "Usually, we have two or three cities crying in a corner, and one glorious victory".

The Ministry for Europe and Foreign Affairs has been committed to promoting and supporting the Paris Olympic bid committee for more than two years. "Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way", Bach added.

The smooth finish to the race also eliminates the risk of the vote being tainted by the sort of scandal that has embroiled the ballot for the 2016 Olympics.

In this never-before-seen style of selection, Bach asked the 94 International Olympic Committee members to allow the real contests to play out at the Olympics themselves and transform the vote from a game of sorts into a pure business decision. A big number, indeed, though it must be put into perspective: Earlier this summer, organizers in Tokyo estimated their cost for the 2020 Games at $12.6 billion.

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