Los Angeles still in running for 2024 Summer Olympics

The International Olympic Committee will open bidding process for the 2024 Games next week

The International Olympic Committee will open bidding for the 2024 Summer Games -- a process that will include a new "invitation" phase -- late next week.

As the kickoff approaches, the U.S. Olympic Committee is continuing to weigh four potential American applicants, including Los Angeles. A decision could come within days.

Under the IOC's new procedure -- ratified as part of a reform package -- bid cities will have the opportunity to meet with Olympic officials for informal discussions before proceeding with a more detailed campaign.

The change is aimed at cutting costs.

"We can already see strong interest around the world in those Games," IOC President Thomas Bach said in a New Year's statement released on Monday.

Boston, San Francisco and Washington, D.C., are competing with Los Angeles to be the sole American bidder.

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