Los Angeles selected to host 2028 Olympics

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(CNN) — The Olympic torch will return to the City of Angels.

"We're bringing the Games back to L.A., one of the great capitals of this Olympic movement," said Los Angeles Mayor Eric Garcetti.

Los Angeles officials say they've inked a deal with the International Olympic Committee to host the 2028 Summer Olympics.

"Two years ago a crowd just like this came together and we said the city of Los Angeles was going to compete. Well, compete, we have," said Los Angeles City Council President Herb Wesson.

The IOC issued a statement saying it will give L.A. officials $1.8 billion as part of its agreement.

Part of the money attached to that incentive program is ear-marked to boost access to youth sports programs in the years prior to the games.

"I look forward to taking my children to the games in 2028. But even more than that I look forward to the legacy those games will give them and the children of this city far beyond 2028," said L.A. Bid Chairman Casey Wasserman.

The summer games haven't been held in the United States since 1996, when Atlanta had the honor.

Los Angeles has hosted the Summer Olympics twice before, in 1932 and 1984.

"This city truly does sport like nowhere else," said Olympic Gold Medalist Alex Morgan.

President Donald Trump issued a statement Monday night congratulating Los Angeles and saying he's confident the city will "exemplify both the Olympic ideal and the American spirit."

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