LA Awarded 2028 Olympics, Paris Gets 2024

The International Olympic Committee officially awarded the 2028 Games to LA Wednesday after its meeting in Lima, Peru.

As expected, Paris was awarded the 2024 Summer Olympics.

It marks the first time two cities have been awarded the games at the same time, ABC News reports.

The announcement was made this morning to much fanfare in Lima. The LA City Council approved the deal for hosting the 2028 games at its meeting in August. That deal includes at least $1.8B from the IOC to LA's Olympic committee with advance payments of $180M for the extra four years of planning and advance payment of $160M for youth sports programs, rather than waiting until after the games.

In anticipation of Wednesday's announcement, dozens of landmarks across Southern California, including the Hollywood Bowl and the U.S. Bank Tower, were lit up last night, as was the Olympic cauldron at the LA Memorial Coliseum.

LA previously hosted the games in 1932 and 1984. The city has been preparing for infrastructure and existing venues to handle the 2028 games.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

Rexford Sells Fullerton Industrial Building For $50.2M: The Los Angeles Deal Sheet

What's At Stake For CRE In Tuesday's U.S. Midterm

UK Budget Risks Deterring Sovereign Wealth Funds From Real Estate

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Walker & Dunlop Execs On Dealmaking Volatility, Data Center Risks, Housing

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

LA Developers Eye 2029 Groundbreakings As High Costs Stall New Projects

San Pedro's West Harbor Announces 3 New Tenants: The Los Angeles Deal Sheet

Proposition 45 Would Set Deadlines For Some Projects' CEQA Reviews

California Governor Candidates See Different Solutions To State's Housing Troubles