For the first time since the awarding of the 1984 Olympics, the usual frenzy of last-minute lobbying and politicking by rival bid cities and heads of state will be strikingly absent in Lima.
In a historic move, the IOC has brokered an agreement that will see Paris handed the 2024 Games with Los Angeles awarded 2028.
IOC members are set to greenlight the deal at a meeting on Wednesday following 25-minute presentations by Paris and Los Angeles, the last two cities left in the initial race for the 2024 Summer Olympics.
Hamburg, Rome, Budapest and Boston all fell by the wayside during the competition, reflecting the political difficulties in persuading voters that staging the Olympics is worth the multi-billion-dollar price tag.
- 'Too many losers' -
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IOC President Thomas Bach first signalled publicly that the double-award of an Olympics could be on the agenda in December last year, lamenting that the bidding process produced "too many losers."
Los Angeles and Paris, who have slick bids which emphasise a high-level of venue readiness, both wowed the IOC's Evaluation Commission during back-to-back visits in May.
In July, the IOC announced it would award the staging rights for the 2024 and 2028 Olympics at the same meeting in Lima.
With Los Angeles offered financial sweeteners to step aside for Paris in 2024, the fait accompli that will be inked this week was confirmed on July 31.
- 'Two great cities' -
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"It's a very special, it can be a historic decision," Bach said.
"There are two great cities. Allocating the Olympic Games is not about quantity, it's about quality. It's finding the best possible host for the best athletes of the world."
Paris 2024 bid chief Tony Estanguet said he viewed this week's meeting in Lima as cause for celebration.
"It's unique for the IOC, it's unique for Paris and it's unique for LA, so let's do it."
The cloud hovering over what should be a triumphant week for Bach however comes in the form of more corruption allegations which erupted last week and appeared to take the IOC by surprise.
Investigators in Brazil swooped on the country's Olympics chief Carlos Nuzman, who stands accused of plotting to bribe IOC members into awarding Rio de Janeiro the 2016 Games at a 2009 vote in Copenhagen.
Brazilian police later said they are probing "an international corruption scheme" aimed at "the buying of votes for the election of (Rio) by the International Olympic Committee as the venue for the 2016 Olympics."
The charges swirling around Rio's bid revive memories of the Salt Lake City bribery scandal, which led to 20 IOC members being either kicked out of the Olympics' ruling body or pleading guilty to accepting bribes for votes.
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