'Win-win-win' as Paris gets 2024 Olympics Los Angeles 2028

Paris and Los Angeles win bids to host Olympic Games in 2024 and 2028

Paris to host 2024 Olympics, Los Angeles to follow in 2028

The International Olympic Committee, IOC, formally announced on Wednesday the 2024 Summer Olympics will be held in Paris.

Both cities had wanted to host the 2024 event after Hamburg, Rome and Budapest withdrew from the race.

Los Angeles then picked up the baton to represent the United States in 2024.

With the blessing of the 130th IOC Session that met in Lausanne in July, the IOC, Los Angeles, Paris and their National Olympic Committees have been working together in order to reach the agreement that was ratified by the IOC Session today.

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"Bringing the Olympics back home to LA gives us the chance to imagine what our city will look like a decade from now", said Eric Garcetti, Mayor of Los Angeles.

The entire French diplomatic network made the 2024 Paris bid a part of its dialogue with France's foreign partners and contributed to its promotion, while observing the rules of the IOC Code of Ethics. These events reflected sporting and Olympic values, such as respect and friendship, and also highlighted the attractiveness of France - which plays host to many major sporting events -, as well as French innovation and expertise, and the French language, one of the IOC's two official languages.

The vote, in addition to setting the Olympic schedule for 11 years, breaks the IOC's tradition of selecting host cities one at a time.

Parisians celebrate winning the 2024 Olympics bid.

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"Usually you have two or three cities crying in the corner at this point being asked how they feel to have lost. This IOC Evaluation Commission report underlines what a historic opportunity LA 2028 is for the City of Angels and the Olympic and Paralympic Movements." he added. The IOC chose to award two games at the same time, and LA later abandoned its bid for 2024 during negotiations with the IOC and Paris.

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.

It will be the third time that Los Angeles hosts the Olympics, with the first two happening in 1932 and 1984.

It wasn't such a bad idea considering the news still seeping out about a bid scandal involving a Brazilian IOC member's alleged vote-selling to bring the 2016 Olympics to Rio de Janeiro. 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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