Paris and Los Angeles to Host 2024 and 2028 Olympic Games
Update 7/31/17: Los Angeles will play host to the 2028 Summer Olympics Games, marking the return to the United States for the first time since Atlanta hosted the Games back in 1996, the IOC announced Monday. This will be the third time Los Angeles is hosting the Olympic Games; the city was the site of the 1932 and 1984 Summer Olympics.
As part of the host agreement, the IOC is giving the LA organizing committee a $1.8 billion advance "in view of the longer planning period [compared to Paris 2024] and to increase participation and access to youth sports programs in the City of Los Angeles in the years leading up to the Games," the IOC said in a statement.
The deal is slated to be approved by the International Olympic Committee on September 13 in Lima, Peru and tonight, Los Angeles Mayor Eric Garcetti is expected to make an official statement at a press conference at 8pm EST.
Paris and Los Angeles were just given the International Olympic Committee's (IOC) blessing to host the 2024 and 2028 Summer Olympics after a vote Tuesday awarded two games at once for the first time in history.
The final decision on which city will be hosting which year should come in September, as long as the two are able to reach a deal beforehand. Both had been vying for the 2024 games originally but under the IOC's decision, one of them must agree to host the 2028 games instead. If a deal can't be reached, the IOC will only announce the 2024 host city at the upcoming meeting this fall.
According to an article by The Los Angeles Times, Paris seems to be on track for the 2024 games. The City of Light last hosted the Summer Olympics in 1924 and officials have been lobbying hard for it to host again on that game's centennial anniversary. Los Angeles, on the other hand, could be in a stronger position to ask for IOC concessions if it agrees to take the later games, NPR reports. The City of Angels has hosted the Summer Olympics before, in 1984 and 1932.
Finding willing Olympic host cities is no simple task — the games are notoriously expensive as cities build out infrastructure to handle swarms of international visitors. In the meantime, officials representing Los Angeles and Paris have each argued their cities are already primed for the occasion, meaning a potentially less costly games. In either case, though, we can imagine the traffic is going to be delightful.
No matter where the 2024 and 2028 Olympic Games are held, it's safe to expect a tourism bonanza like no other. Flights and hotels will be in high demand so start saving those points and miles now.
H/T: NPR
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The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
