By Barry Janoff
September 16, 2015: After a tempest of events that took years to build but less than two months to become a reality, Los Angeles today was named by the International Olympic Committee as an official candidate in the bidding to host the 2024 Summer Games.sd
Los Angeles was one of five cities that submitted applications to the IOC by last night's midnight deadline.
Also vying for the rights to host the Olympics in nine years: Budapest, Hamburg, Paris and Rome.
The IOC Executive Board will hold an official drawing of lots in December 2015, the order of which be used until the election of the Host City, expected to come in September 2017.
According to Olympic committee LA 2024's Bid Book, hosting the Summer Games that year would cost upward of $6 billion, including in excess of $900,000 to build an Olympic Village to house coaches and athletes.
The IOC said it would contribute $1.7 billion in cash and services to the organizing committee that wins the bid for the Olympic Games 2024.
Los Angeles was selected by the U.S. Olympic Committee to represent the U.S. earlier this month after representatives from Boston, the USOC's initial choice, decided in July not to pursue the bid nomination.
Los Angeles and Boston were among a final four whittled down by the USOC, the other two cities being San Francisco and Washington D.C.
The U.S. last host the Summer Games in 1996 (Atlanta) and the Winter Games in 2002 (Salt Lake City).
New York and Chicago were bid cities for the 2012 and 2016 Summer Games, respectively, which went to London and Rio de Janeiro. (The 2020 Games will be held in Tokyo.)
“LA 2024 is honored to be in the race for the 2024 Olympic and Paralympic Games and humbled by the opportunity," Casey Wasserman, chairman for LA 2024," wrote in a letter to the IOC and IOC president Thomas Bach. "Our city has the enthusiasm, the passion and the experience to bring the summer Games back to the United States for the first time in 28 years.
“The Olympic Games are in our city's DNA because we live the positive legacies of the 1932 and 1984 Games every day," wrote Wasserman. "Los Angeles has partnered with the Olympic Movement at some crucial moments in our collective histories, and we are eager once again to be a Games changer for the greatest celebration of sports and humanity on the planet."
"The Olympic movement has had a significant and lasting impact on our city twice before, and now a new Los Angeles is united in its dream of hosting the Olympic Games for the third time," Los Angeles mayor Eric Garcetti wrote in a letter to the IOC. "With nearly 18 million Angelenos from 115 countries of origin speaking more than that 220 languages, you can see the face of the work every day on the streets of L.A. Our developed tourism infrastructure, key civic investments and our cross-cultural fluency ensure that Los Angeles will provide a warm welcome for every visitor to the 2024 Games and a home-team cheering section for every athlete who arrives in our city in 2024."
The IOC's global partners include Atos, Bridgestone, Coca-Cola, Dow, General Electric, McDonald's, Omega, Panasonic, Procter & Gamble, Samsung, Toyota and Visa.
Top USOC partners include 24 Hour Fitness, Anheuser-Busch (Budweiser), AT&T, BMW, BP, Chobani, Citi, Dick's, The Hartford, Hilton, Kellogg's, Liberty Mutual, Nike, TD Ameritrade and United Airlines.
NBC currently has exclusive broadcast rights in the U.S. through 2032.
The IOC said it would "continue to work in close collaboration with each Candidate City to provide them with the best possible services and assistance in the lead-up to the election, by the full IOC Membership, of the Host City by the 130th IOC Session in Lima, Peru in 2017."
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