Los Angeles Agrees to Host 2028 Summer Olympics; Paris Gets 2024

Los Angeles reached an agreement with the leaders of the International Olympic Committee on plans to host the 2028 Summer Games.

The accord calls for the IOC to contribute $1.8 billion to $2 billion toward the hosting costs, depending on the value of potential new marketing deals for the city, according to a statement released Monday by the LA 2024 bid committee.