Oct 23, 2012, 1:45 PM EDT
Beijing organizers essentially shouted Chinese culture at their worldwide audience in 2008, spending $67 billion on the Olympics while presumably using “we’re gonna need a bigger boat” as the punch line of every meeting they held leading up to the Games.
On the other hand, London, seemingly content not competing against Beijing’s incredible spectacle, aimed to only spend about $15 billion – or less than a quarter of what the previous Olympics cost.
Somehow they still came in under budget.
“The work of the construction and delivery teams, from the ODA and LOCOG, has set a very high standard,” said sports minister Hugh Robertson of the somewhat abnormal surplus. “I have no doubt that London 2012 has set a new benchmark for the management of Olympic and Paralympic Games in future.”
LOCOG ended up with about $603 million left over when all was said and done, which is great news for the London Legacy Development Corporation since it plans to spend $467 million of that on redeveloping the now four month old Queen Elizabeth Olympic Park in east London.
The update to what will essentially be a U.K. sports version of Disneyland will keep the aquatics, cycling, basketball, and handball venues intact, and will also include 2,818 new houses and apartments in five neighborhoods, as well as three schools, three health centers, nine nurseries, and a library.
May 23, 2015, 7:40 PM EDT
Nathan Adrian’s biggest rival in the 100m freestyle could still be an Australian.
May 22, 2015, 3:44 PM EDT
The 2000 Olympic champion continues to struggle with weight loss.
May 22, 2015, 10:40 AM EDT
“We’re not baking cakes.”
May 22, 2015, 9:57 AM EDT
“We want to rebuild the arena of the Colosseum so that the athletes can be lifted in like the gladiators in the Roman times.”
May 22, 2015, 9:25 AM EDT
The U.S. won “Beat the Streets” 9-4.
May 21, 2015, 11:49 AM EDT
Skaters, skiers, gymnasts, track and field athletes and more.
May 21, 2015, 9:18 AM EDT
Russia ceded its place as top challenger to the U.S. in recent Olympics.
May 20, 2015, 8:10 PM EDT
They were a gift from a previous Olympic host city.
May 20, 2015, 3:07 PM EDT
Usain Bolt dropped on the list and is no longer the top track and field athlete.
May 20, 2015, 1:38 PM EDT
Markus Rehm jumped another personal best on Saturday, moving up the list of top active jumpers.
May 20, 2015, 1:09 PM EDT
Letterman had a special correspondent at the 1994 and 1998 Winter Olympics.
May 20, 2015, 12:53 PM EDT
The Olympic silver medalist has been off the elite competition radar for nearly two years.
May 20, 2015, 11:56 AM EDT
The World champion explained the origin of her design.
May 20, 2015, 9:15 AM EDT
Gatlin’s agent also called the sprinter “misunderstood.”
May 20, 2015, 8:21 AM EDT
A stopwatch used to time Bannister’s feat was also recently auctioned.
May 19, 2015, 12:41 PM EDT
Seebohm took silver behind Franklin in 2012 and 2013 but was faster last year.
May 19, 2015, 7:47 AM EDT
“They didn’t have any respect for me.”
May 18, 2015, 6:30 PM EDT
The 22-time Olympic medalist finished first or second in zero events at a meet for the first time since the Sydney 2000 Olympics.
May 18, 2015, 10:45 AM EDT
David Boudia leads the team, while a four-time Olympian just missed.
May 18, 2015, 7:18 AM EDT
The three-time World champion is training again but isn’t definite on competing.
- Rulon Gardner on returning to wrestling training, getting his gold medal back 0
- David Letterman and the Olympics 0
- Caster Semenya: I can’t stop running because of gender controversy 0
- Roger Bannister’s shoes from 4-minute mile set for auction 1
- Justin Gatlin ‘kicked out’ of Beijing track meet 1
- Michael Phelps self-assessment: ‘horrendous,’ ‘garbage’ after winless Charlotte meet 5
- Mao Asada blogs about returning to figure skating 2
- Emotional Bode Miller medals in race that mattered most (61)
- Russian women kissing after relay victory at World Championships causes stir (60)
- IOC drops wrestling from 2020 Olympics (47)
- South Korea filing official complaint over Yuna Kim’s Olympic silver (39)
- Zola Budd, 47, dominates college runners in 5K (33)