The city of Los Angeles was formally awarded the 2028 Summer Olympics on Wednesday. The city last held the Olympics in 1924, meaning 2024 will mark the 100-year anniversary of its previous hosting.
Despite promises of jobs and better public transport for the small city that will host the opening and closing ceremonies, the athletes' village and many sporting events, there is scepticism about any potential windfall.
Paris' lone stadium that will be built just for the Games is a brand new aquatics center that will host all swimming and diving events-where a 27-year-old Katie Ledecky could still be adding to an already-impressive medal haul in her career. To avoid incurring unnecessary costs, a decision was made to award 2024 and 2028 to each city.
In this never-before-seen style of selection, Bach asked the 94 International Olympic Committee members to allow the real contests to play out at the Olympics themselves and transform the vote from a game of sorts into a pure business decision.
Los Angeles 2028 officials also expressed delight at the return of the Olympics to USA soil. Paris bid organizer Tony Estaguent choked up during the presentation before the vote.
"This was the right answer, it was about fraternity, it was about friendship, it was about finding a win-win", stated Los Angeles Mayor Eric Garcetti.
In a nod to history, the Los Angeles Memorial Coliseum, which hosted the athletics at the 1932 and 1984 games, will once again host the world's fastest and strongest.
"The Games are coming to Paris for the first time in 100 years and we will deliver an incredible celebration of sports at the heart of one of the world's greatest cities", he said.
With Paris set to be awarded the 2024 Olympics, one of the organisers' biggest challenges will be to keep within budget - a challenge that has defeated so many of their predecessors. It also faced little competition as other cities and countries have shied away because of the costs.
The numbers above come from a new study led by Bent Flyvbjerg at the University of Oxford's Saïd Business School, who looked at six decades of Olympic budgets. "Little by little, we got a victory".