Calling it a "golden opportunity", a "win win win situation for Paris, Los Angeles and the IOC", President Thomas Bach drew applause from the IOC membership when he announced that all sides had agreed to the Tripartite Agreement that made the award for 2024 and 2028 possible.
The French capital is to host the games in 2024 and the United States city will do the same in 2028.
The evaluation commission signed off on those Monday, saying that although details need to be finalized, it is confident LA can host in 2028. "At such a time, the IOC will take advantage of the stability for the next 11 years", was commended in the preamble the president of the worldwide Committee Thomas Bach.
Even earlier, in June, Trump met with Bach and three U.S. International Olympic Committee members - Larry Probst, Anita DeFrantz and Angela Ruggiero - in the Oval Office to pledge his support to the Los Angeles Games.
Shooting reported at Washington State high school
The Spokane Sheriff's Office is expected to provide more information at a news conference sometime on Wednesday afternoon. Cheryl Moser said her son, a freshman at Freeman High School, called her from a classroom after hearing shots fired.
Both will go through the formalities of outlining their bids in 25-minute presentations to the International Olympic Committee membership starting at 12pm (1700 GMT) local time at Lima Convention Centre. "But to us the Games have always represented an even brighter future and the chance to harness the power of sport and the Olympic Movement again to inspire the next generation - for the next 11 years and beyond".
Los Angeles and Paris have put together very inspiring projects.
It will be the third time for each city hosting the Olympic Games. Bach is in Lima for the Wednesday IOC session to vote on the host cities for the next Olympics.
The city gained concessions to delay hosting, with the IOC helping fund the Los Angeles' Organizing Committee's operations that now must run an additional four years and supporting youth sports programs in the city.
Swimming champion and four-time gold medalist Janet Evans is on the committee overseeing L.A.'s bid, and she joined the delegation in Peru.
Fed Vice Chairman Fischer to resign for personal reasons
Fed watchers had thought he would step down, but had not expected it to be so soon. He has worked as a chief economist at the World Bank and taught economics at MIT.
Paris will site events across iconic venues, and will build an Olympic Village along the Seine River at Saint-Denis.
The race began early in 2015 with a different US candidate but the abysmal public support for Boston forced that city to part ways with the United States Olympic Committee (USOC) who turned to Los Angeles instead just days before the application deadline.
In September of that year, Los Angeles stepped back in as the USOC's pick to replace Boston.
"Now, I know what you're thinking. these LA guys seem pretty laid back", Wasserman said.
Kvitova out of US Open but back on the big stage
It is interesting that of the six players remaining in the women's draw at the US Open this year, four are Americans. It's the first all-American US Open women's semifinal since Serena Williams defeated Lindsay Davenport in 2002.