Olympics: Los Angeles agrees to host 2028 Games; Paris gets 2024

Los Angeles formally announced its bid for the 2028 Summer Olympics on Monday after agreeing on a deal that paves the way for Paris to host in 2024.

"The Los Angeles Olympic and Paralympic bid committee in cooperation with the International Olympic Committee (IOC), today announced its intention for Los Angeles to host the Olympic Games and Paralympic Games 2028 and its agreement with the Host City Contract 2028," the LA bid committee said in a statement, confirming earlier comments from city officials.

Los Angeles had been in a race with Paris to host the 2024 Games, with the winner to be named by the IOC on September 13 in Lima.

But the possibility that Los Angeles would abandon a 2024 bid and instead accept the 2028 Games has been growing since the IOC decided in July that it would attempt to award both Games at its Lima meeting.

LA bid officials said Monday that an agreement had been reached with the IOC on financial considerations that would make waiting an extra four years feasible.
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