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Following Budapest’s Withdrawal, Paris And Los Angeles Awarded 2024 And 2028 Olympics

The International Olympic Committee (IOC) officially announced on Wednesday that Paris would host the 2024 Olympics, while Los Angeles was awarded the 2028 Games. One-time candidate city Budapest withdrew its Olympic bid in February 2017 due to lack of national unity behind the project.

Los Angeles, host city to the 1932 and 1984 summer games, conceded the 2024 Olympics to the French capital, which will be held on the 100th anniversary of the 1924 Paris summer games.  According to rumors, the American city has been promised $180 million by the IOC for doing that. This will be the third Olympics for both cities, and the Los Angeles games will be the first Summer Olympiad in the U.S. since 1996. “This is a win-win-win situation for Paris, Los Angeles and the entire Olympic Movement,” said IOC President Thomas Bach.

Budapest’s move to withdraw its Olympic bid came in the wake of a successful signature drive earlier this year. Initiators of the referendum Momentum Movement made its entry into Hungarian domestic politics with the so-called “NOLIMPIA” campaign aimed to thwart Budapest’s plans to host the 2024 Summer Olympic Games. In order to avoid the referendum, the Hungarian government and the Budapest City council withdrew the bid, saying that “Olympics was a national cause which requires unity”.

via AP and MTI