Los Angeles to host 2028 Summer Olympics

Thomas Bach, the President of International Olympic Committee (IOC), has officially announced that Paris will host 2024 and Los Angeles will host 2028 Summer Olympics. Both cities wanted to host the 2024 event, before Los Angeles agreed to wait an extra four years after the IOC made guarantees on funding. Los Angeles will also receive up to $2 billion from the IOC, which is up to $300 million more than it would have gotten for 2024.