Paris named host city for the 2024 Summer Olympics

Olympic cauldron at the Los Angeles Memorial Coliseum on Wednesday Sept. 13 2017

Olympic cauldron at the Los Angeles Memorial Coliseum on Wednesday Sept. 13 2017

South Korea is gearing up its efforts to attract more local and foreign visitors to the 2018 PyeongChang Winter Olympics, officials said Friday, with the quadrennial event just five months away.

Both campaign teams summarized their bids in presentations at the 131st IOC Session in Lima, Peru, before the IOC voted to formally confirm the announcements.

Los Angeles is proud to be a three-time Olympics host and to be part of the Olympic movement, Gene Sykes, CEO of LA 2028, Los Angeles' Olympic organising committee. Los Angeles has been hailed as the host city of the 2028 #Summer Games as well, CNN reported.

The French capital has set a relatively modest budget of 6.6 billion euros ($7.9 billion), but London in 2012, Athens in 2004 and Sydney in 2000 all saw their budgets for hosting the Summer Olympics at least double from the time of their bids to the final bill.

"Its inclusion for Rio was probably the first time a lot of people had seen it but the general interest in the game is growing and the athletes have solidified that with quality games".

The LA Games have a budget of $5.3 billion and will essentially follow the plan they had in place for 2024, including housing athletes at the UCLA campus.

Paris played host to the second edition of the modern Olympic Games in 1900, and then staged the even once more in 1924.

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1984 Gold and Silver Olympian Sherri Howard during the Celebrate 2028 Olympics Parade at the Fairplex in Pomona, CA., Saturday, September 15, 2017.

LA 2028 Chairman Casey Wasserman said in the statement, "On behalf of everyone at LA 2028, I would like to congratulate Anita on her election as IOC Vice President". Some 83 percent of residents in Los Angeles County said they want L.A.to host the Olympics in 2028 in the survey.

'It is hard to imagine something better.

He warned it would be an expensive mistake to use the 2024 Games to try to accelerate a long-term project already under way to improve transport networks in the Paris area.

It sees the Games return to the United States for the first time since the 1996 Atlanta Olympics and marks the third occasion in which Los Angeles has hosted (1932, 1984). Both cities are very enthusiastic about the Games and are promoting the Olympic spirit in a fantastic way'.

Two other U.S. Olympic host cities, Squaw Valley, Calif. and St. Louis, Mo., also participated in the salute.

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