Press release by the International Olympic Committee:
In line with Olympic Agenda 2020, the IOC is pleased to release today the Host City Contract 2028 following the declaration of candidature by the Los Angeles Olympic and Paralympic Candidature Committee for the Olympic Games 2028. In it, the IOC stipulates that it will make contributions to the Organising Committee representing an overall estimated value of USD 1.8 billion.
In comparison to the Host City Contract 2024, the IOC is making two major changes: the IOC will advance funds to a Los Angeles Organising Committee in view of the longer planning period and to increase participation and access to youth sports programmes in the City of Los Angeles in the years leading up to the Games.