In 2005, New York City bid to host the 2012 Summer Olympics, but lost to London. It was the first time the USOC submitted a bid from New York City to the IOC. Upon the USOC reaching a new revenue-sharing agreement with the IOC in May 2012, New York was mentioned as a potential candidate for the 2024 Summer Olympics, but the city declined to submit a bid to the USOC. Los Angeles was selected as the American candidate for the 2024 Olympics and ultimately secured the right to host the 2028 Summer Olympics.
