Paris will host the 2024 Summer Olympics.

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Los Angeles was also named as host city for the 2028 Games. This is the first time two host cities have been announced at the same ceremony.

The news was not a surprise. As France24 reported, earlier this summer, members of the Paris and Los Angeles bid committees reached an agreement to split the next two Summer Games.

International Olympic Committee (IOC) President Thomas Bach made it official on Wednesday. The result is seen as a “win-win-win” for the IOC.

Paris made unsuccessful bids for the Olympics in 1992, 2008, and 2012. This will be the third Olympics held in the City of Lights. Paris last hosted 100 years ago, in 1924.

Los Angeles will be the first U.S. host of the Summer Games since Atlanta in 1996. The U.S. last hosted an Olympics in 2002, with the Winter Games in Salt Lake City. Those Games were later the focus of a major corruption scandal. Like Paris, Los Angeles has hosted the Olympics twice before, in 1932 and 1984.

Originally, the two cities were in direct competition for the 2024 Games. After some discussions, Los Angeles agreed to wait another four years for the 2028 Games.

Many other cities initially bid for 2024, including Boston, Budapest, Hamburg, and Rome. These other cities eventually withdrew, citing lack of political support and budget issues. This confirmed something that people had long suspected: there are fewer cities willing and able to expend the capital necessary to host the Olympics.

Hosting the Olympics was once seen as a mark of prestige. However, the Olympic star has lost some of its sheen in the wake of corruption scandals at the IOC, concerns over community sustainability, and photographs of abandoned venues in recent host cities like Athens (2004), Beijing (2008), and Rio (2016).

The IOC was aware that it needed economically solid bids that were free from the taint of scandal. Paris and Los Angeles both fit the bill.

While Bach was quite pleased about Paris and Los Angeles, he may be less pleased to know that French investigators are examining the vote that gave the 2020 Olympics to Tokyo.

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