LOS ANGELES, Aug. 6 -- Hailing faded out after Los Angeles Mayor Eric Garcetti announced a tentative agreement with International Olympic Committee (IOC) to host 2028 Olympic Games, new concerns rose in minds of the city officials as the city council is expected to set an urgent full council vote this week and the result could be "No."
According to a "road map" accepted by all sides last month in Switzerland, even though reaching an agreement between IOC and L.A. government is a key step for the second largest city of the United States to lock the opportunity to be awarded the 2028 Summer Games, it is not the final line.
The agreement still needs at least two more steps to take effect, namely approval from L.A. City Council and the directors of the U.S. Olympic Committee Board by Aug. 18, then L.A., Paris and IOC will sign a three-party agreement, which must be approved by IOC meeting before IOC officially announce the host cities for 2024 and 2028 on Sept. 13 in Peru.
For conceding 2024 to Paris, IOC promised to provide a series of preferential policies to L.A. city and the bid committee. For example, L.A. Olympic committee will receive at least 2 billion U.S. dollars from IOC, compared to 1.7 billion U.S. dollars if hosted 2024 Games. Besides, IOC agreed to give 20 percent share of the 2028 Games surplus to L.A.
Mayor Garcetti, city officials and most of residents are quite optimistic to this agreement and presented their support, saying it is a very good deal for L.A. to acquire some favorable terms from IOC for only delaying four years to take the bonus.
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