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IOC names Los Angeles one of five candidates for 2024 Olympics
0:59 | Olympics
IOC names Los Angeles one of five candidates for 2024 Olympics
Wednesday September 16th, 2015

The International Olympic Committee announced the five cities in the running to host the 2024 Summer Olympic Games on Wednesday. Budapest, Hungary; Hamburg, Germany; Los Angeles; Paris; and Rome are all competing for the coveted position.

“We are welcoming five outstanding and highly qualified candidate cities,” said Thomas Bach, IOC president.

The official host will be named in 2017.

The two-year bidding process is designed so that all five candidates will go to the final stage of voting in Lima, Peru in September 2017.

The 2024 Olympic Games will be the first to operate under a reform program aimed at reducing the cost for host cities. The IOC will contribute $1.7 billion to the chosen candidate.

Los Angeles previously hosted the Games in 1932 and 1984. Paris is also seeking a chance to host again after staging the Games in 1990 and 1924.

Boston and Toronto also sought out the host position, but withdrew their bids due to cost concerns, leaving Los Angeles as the only North American city in the running.

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- Xandria James

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