The Olympics are coming to Los Angeles, but a bit later than initially aimed for.

Originally bidding for a third summer games to come to the City of Angels in 2024, L.A. will now see the Olympic and Paralympic Games here in 2028, sources close to the situation confirm. In an agreement struck with the International Olympic Committee,  the 2024 Games will be held in Paris, L.A.’s lone remaining rival in the bid for the Games. Mayor Eric Garcetti is expected to make the announcement official later today at a press conference.

There has been nothing official from the Mayor’s office or the Casey Wasserman-led LA 2024 but City Council member Gil Cedillo did tweet out this morning that “hashtag goes from #LA2024 to #LA2028” as reports surfaced in the L.A. Times of the deal.

With the awarding of the XXXIII Olympiad, it will be a century since Paris last hosted the games. The French capital had long made it clear that they preferred ’24 over ’28.

Here in L.A.,  Disney, Fox, NBCUniversal and Warner Bros. were all big backers of the effort to showcase the city once again through the international sports spectacle, which was last in town in 1984. Serving as consultants to the city’s bid process and engaging in undefined creative “partnerships,” studios bosses Bob Iger,  Kevin Tsujihara, Jeff Shell and Fox princeling James Murdoch all joined the board of LA 2024 earlier this year.

With the IOC stating that it would award both the 2024 and 2028 games at the same time by September, the jockeying for position by L.A. and the City of Light had reached a fever pitch in recent weeks.

Last month, perhaps in a move toward playing the long game, Wasserman emphasized a bigger-picture approach. “To be blunt, LA 2024 has never been only about LA or 2024,” the sports business executive and grandson of legendary MCA chief Lew Wasserman said in early June. “Even when the issue of a dual award for the 2024 and 2028 Games was initially raised, we didn’t say it’s ‘L.A. first’ or it’s ‘now or never’ for L.A.: that sounds like an ultimatum.”

Taking ultimatums off the table worked, it seems. Get ready for a hell of a summer in 11 years.