LA Could Earn Hundreds of Millions Hosting the 2024 or 2028 Olympics

LA Could Earn Hundreds of Millions Hosting the 2024 or 2028 Olympics

LA Could Earn Hundreds of Millions Hosting the 2024 or 2028 Olympics

Paris and LA said they were firmly after 2024 but it appears that Paris could get that event to have the Olympics return after 100 years; and LA settle for 2028 under certain conditions.

The decision is due to be confirmed at the IOC Session in Lima on September 13.

An agreement as a " win-win-win", which remains to formalise, but which corresponds to the wishes issued from the month of march by the boss of the instance olympic, to avoid losing " two excellent candidates ".

While Rio 2014 had received official support of 1.5 billion United States dollars, the city that will inherit the OJ 2024 is expected to receive us $ 1.7 billion, according to several sources, the aid could mechanically increase of 100 to 200 million USD to 2028.

John Coates, President of the Australian Olympic Committee and the IOC vice-president who worked most closely on the plan to implement the joint award, claimed the decision could help Brisbane.

Paris is seen as the favourite to land the 2024 Olympics, with Los Angeles having hinted it would accept 2028. The U.S. failed in securing a bid for the 2012 and 2016 Olympic Games.

Los Angeles, like Paris, has already hosted the Olympics twice - in 1932 and 1984.

Any other cities applying for 2028 can instead concentrate on 2032.

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Paris and Los Angeles are guaranteed to host the Olympic games in 2024 or 2028 after a vote on Tuesday in Lausanne for the global olympic Committee in favour of the simultaneous allocation of the two editions the 13 September in Lima. Los Angeles hosting the Games will provide a massive stimulus in future negotiations with American companies.

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Like Garcetti, Hidalgo spoke of a "historic" decision, and of "three winners, the International Olympic Committee and the two cities".

"Ensuring the stability of the Olympic Games for 11 years is something extraordinary", the IOC president added. "The two projects are different in nature, but each city presents a proposal which is genuinely authentic and reflects the best of what each has to offer".

"You are right to remember that we lost three times".

Macron said after Paris' presentation: "France is ready and waiting for them".

"Working hard to get the Olympics for the United States (L.A.)".

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