The International Olympic Committee announced Monday that Los Angeles would host the 2028 Summer Games, in a deal resulting from weeks of negotiations that pitted the city against Paris for the 2024 Olympics.
It will be the first Olympics in the United States since 2002, and the third time that Los Angeles has hosted the Summer Games, after 1932 and 1984.
The committee also cited the role President Donald Trump played in the city’s pursuit.
“Since his election, President Trump has been personally involved in helping to make L.A.’s bid a truly American bid and the White House Office of American Innovation and the U.S. Senate and House of Representatives have been true partners throughout,” the statement said. “The USOC and Los Angeles bid team greatly appreciate their strong commitment to bringing the Olympic and Paralympic Games back to the United States.”
The Los Angeles Bid Committee estimated that staging the event could cost more than $5 billion, with the IOC contributing as much as $2 billion. The bid committee said it would be able pay for the entire cost through ticket sales, sponsorships and other revenues.
Infrastructure spending and waste have been a focus of several previous Olympics, with debt-ridden host countries no longer having a purpose for newly built structures.
Brazil, for example, owes creditors $40 million nearly a year after hosting the 2016 Games, and a new stadium in the capital, Brasilia, now serves as a bus parking lot instead of hosting soccer teams, The Associated Press reported in early July.
Los Angeles may be able to reduce such costs by using existing sites, sports business experts have said. The Coliseum, for example, was built in 1923 and used in both the 1932 and 1984 Olympics.
If the Los Angeles City Council approves, and state and federal official sign off, the IOC will vote in September to ratify the deal.