Calling it a “win-win-win” situation, International Olympic Committee President Thomas Bach officially awarded the 2024 and 2028 Olympic Games to Paris and Los Angeles, respectively, at the IOC Session in Lima, Peru, on Wednesday.

The announcement was far from a surprise. In July, the L.A. Olympic bid committee had agreed to wait to host the games until 2028, which made Paris the only option for 2024. With fewer cities vying to host the games as costs connected to the biannual event surge, the IOC said at the time it would award the 2028 games simultaneously.

“Today is an incredibly special day for two great cities here on the stage,” United States Olympic Committee CEO Scott Blackmun said Wednesday, congratulating his French counterparts on their “great work on behalf of Paris 2024.”

“We all look forward to a spectacular Games in your beautiful city,” Blackmun added, before crediting L.A. Mayor Eric Garcetti and L.A. 2028 Chairman Casey Wasserman for making the California city's bid an attractive one to the IOC.”

Los Angeles began its quest to host the Games in 2014, but was originally beat out by Boston. However, when Boston dropped out due to cost concerns, the USOC decided to put forth Los Angeles as the United States' prime option in 2015. While several L.A. residents objected to hosting the games, which the city previously hosted in 1932 and 1984, the Los Angeles City Council unanimously backed the bid.

— The Washington Post