The International Olympic Committee formally announced Wednesday the 2024 Summer Olympics will be held in Paris. Last year, when the cities were serious rivals, delegates often had the habit of exchanging subtle jabs during prepared remarks. For Los Angeles, it would be the third time hosting after previous stints in 1932 and 1984.
The IOC's vote went as expected after months of moving toward an unusual dual award of the Games. The Firm served as legal counsel and strategic adviser to Los Angeles 2028 (LA28) in connection with Los Angeles' successful bid to host the 2028 Olympic and Paralympic Games.
"Forty-three domestic partnerships - that's three times their initial budget (of around $1 billion for domestic sponsorship) - and the gross amount is $2.8 billion, a remarkable achievement for domestic sponsorship", Coates said.
"It gives us the opportunity to think about every resident in Los Angeles", Garcetti told Reuters Television on Monday. LA loves the OIympics because the Games have lifted up our city twice before. Only four have remained to the vote.
The IOC considered both bids to be strong, leading to today's historic event. After the IOC's 2024 Evaluation Commission visited L.A. and Paris in May 2017, it issued a report praising both cities and describing L.A.'s bid as "forward-looking, innovative and vibrant".
Los Angeles also says its $5.3 billion cost will be covered by sponsorships, ticket sales and other revenue sources.
For the International Olympic Committee it would have been a huge mistake not to seize this golden opportunity, said Bach.
"I wanted to re-emphasize here the full commitment of a whole country behind these Games", Macron said. Los Angeles will join the group four years later. Numerous plans for 2028 are the same as they would have been if they were awarded for 2024.
As many as six cities were involved as bidders.
Casey Wasserman, chair of the bid, wearing sneakers with his suit, promised to deliver Games that will be "California cool". Peter Ueberroth set the model for a modern Games, turning a profit that funded the LA 84 Foundation, which has been funding youth sports programs since.
In 2015, Boston was initially awarded the USA bid for the 2024 Olympic and Paralympic Games, but dropped out.
In September of that year, Los Angeles stepped back in as the USOC's pick to replace Boston.
"Many times every city is working so hard.to build the infrastructure, they can't think about the environment, they can't think about the economy, they can't think about the health of their people".
"With this team, I am very proud and moved to bring the games back to Paris".