Sources have told various media outlets that Los Angeles will host the 2028 Summer Olympics, with an official announcement to be made Monday night by Mayor Eric Garcetti at a news conference.
The Los Angeles Times first reported the agreement, which was then confirmed by ESPN, CNBC and others. Los Angeles was being considered for the 2024 games, but those are now reportedly set to happen in Paris, with L.A. being bumped back to 2028.
Paris said in recent negotiations that it could only host in 2024 because of land availability, with L.A. saying it preferred to host 2024 but could also host 2028 if it were made financially viable for them to do so, ESPN reported.
Specific terms of the deal were not yet available.
It will be Los Angeles’ third Olympics, after 1932 and 1984. Only Paris and London also will have hosted three Olympic Games.
L.A. officials argued they could host the Olympics at a much lower cost than Paris, which has not hosted the games for 100 years, but the International Olympic Committee found both to be strong candidates and decided to give each one a chance to host, Reuters reported.
Other cities vying for a chance to host included Budapest, Hungary; Hamburg, Germany; and Rome, all of which backed out in response to public pressure.
Most modern Olympics have not generated a profit for the host city, the 1984 Los Angeles Games being a notable exception. Garcetti has expressed confidence that 2028 will be profitable.
“The cost to taxpayers to put this plan together is nothing,” Garcetti said, ESPN reported. “There’s risk. Eyes wide open, it could be something. But I’m close to 100 percent confident.”
Twitter felt the 2028 Summer Olympics are too far into the future to think about now.