To break it down as simply as possible. We're in the running for hosting the Olympics for either 2024 or 2028 here in LA. What's hilarious is how fast the news outlets came to tell us the news without knowing the year. So you have people like our Mayor Garcetti saying we have the Olympics and then mumbling, "In 20.... !" From what we've read the actual vote, not the decision of what city and year, won't start being decided until Sept 13 by the Olympics Council, roughly two months from now.
So take it with a grain of salt and realize that our news media will jump on a story with little to no details.