It's Officially Paris 2024, LA 2028 for Olympics

This was one of those rare Olympic moments where everyone walked away a winner. Paris for 2024. Los Angeles for 2028. And the International Olympic Committee for transforming an unruly bidding process to lock down its future by choosing not one, but two Summer Olympics hosts at the same time. The IOC put the rubber stamp on a pre-determined conclusion Wednesday, giving Paris the 2024 Games and LA the 2028 Games in a history-making vote, the AP reports. The decision marks the first time the IOC has granted two Summer Olympics at once. It came after a year's worth of scrambling by IOC president Thomas Bach, who had only the two bidders left for the original prize, 2024, and couldn't bear to see either lose.

Both cities will host their third Olympics. The Paris Games will come on the 100th anniversary of its last turn—a milestone that would have made the French capital the sentimental favorite had only 2024 been up for grabs. Los Angeles moved to 2028, and those Olympics will halt a stretch of 32 years without a Summer Games in the United States. In exchange for the compromise, LA will grab an extra $300 million or more that could help offset the uncertainties that lie ahead over an 11-year wait instead of seven. "It's a unique opportunity to do two at the same time," LA bid chairman Casey Wasserman said. "Hopefully, it's an interesting paradigm for the world going forward. We're two great cities, it's two great Olympic hosts and it's going to be two great games." (More Olympics stories.)