LA City Council authorises Los Angeles to sign IOC’s Host City Contract for 2028 Games
August 15, 2017
Los Angeles City Council voted unanimously (12-0) to authorise Los Angeles to sign the Host City Contract with the International Olympic Committee (IOC) for the 2028 Olympic and Paralympic Games.
The City Council approved LA 2024’s Host City contract in January but was required to vote again on the newly negotiated Host City Contract 2028.
With the new agreement, LA 2028 will invest up to $160 million (£123.5 million) to increase participation and access to youth sports programs in the City of Los Angeles in the years leading up to the Games.
The new Host City Contract also provides LA 2028 with a greater share of a Games surplus and an IOC contribution of $2 billion (£1.5 billion).
— Herb J. Wesson, Jr. (@HerbJWesson) August 11, 2017
The City Council’s decision legally empowers LA to enter a tripartite agreement with the IOC and Paris, clearing the way for the IOC Membership to simultaneously award the Olympic Games 2024 to Paris and the Olympic Games 2028 to Los Angeles. at the next IOC session in Lima, Peru, on 13th September 2017.
The official announcement will take place at the next IOC session in Lima, Peru, on 13th September 2017.
“Today’s vote isn’t just about 2028; it is about what will happen in between now and then: the progress we will make, the principles that will guide us and most importantly, the young people we will inspire,” said LA City Council President Herb Wesson.
“Since our announcement that we would pursue the 2028 Olympic and Paralympic Games, we’ve worked closely with the City Council to ensure the 2028 Host City Contract is the best deal for our city and all Angelenos,” added LA 2028 Chairman Casey Wasserman.
“Today we’re offering the same low-risk plan for 2028 as we offered for 2024 with no new permanent venues, infrastructure or transportation to build.
“Together with the united support of the City Council and the people of Los Angeles, we will deliver the greatest Games possible in 2028.”