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.
Jul 2, 2015, 11:29 AM EDT
A suspected elbow fracture may force Hagino to pull out.
Jul 1, 2015, 10:07 AM EDT
Walsh Jennings had never been part of such a rout with Misty May-Treanor.
Jun 30, 2015, 7:33 PM EDT
“We’re not discussing right now the possibility of not submitting a bid.”
Jun 30, 2015, 2:37 PM EDT
Bolt flew to Munich to treat an injury.
Jun 30, 2015, 2:25 PM EDT
Obama has never attended an Olympics as president, and this is his last chance.
Jun 30, 2015, 2:08 PM EDT
Shnapir won Olympic bronze in Sochi.
Jun 30, 2015, 10:37 AM EDT
Franklin beat out another Rio 2016 Olympic hopeful for the honor.
Jun 30, 2015, 9:19 AM EDT
Ronaldo debuted at the Olympics two years before his first World Cup.
Jun 30, 2015, 8:59 AM EDT
The 2015 Hall of Fame class also includes four men’s Olympic medalists.
Jun 30, 2015, 8:10 AM EDT
Most decorated Olympian of all time turned 30 on Tuesday.
Jun 30, 2015, 7:50 AM EDT
Phelps still trails a legendary gymnast, U.S. track and field champions and one of his 2004 Olympic swimming teammates.
Jun 30, 2015, 7:43 AM EDT
Phelps turned 30 on Tuesday, which means his Olympic debut was half a lifetime ago.
Jun 29, 2015, 2:45 PM EDT
The U.S. appears headed for a historically strong World Championships medal haul.
Jun 29, 2015, 11:45 AM EDT
“The critical issue that everyone asks is, ‘Can we run a privately funded Games with a surplus?'”
Jun 29, 2015, 11:09 AM EDT
Agnel isn’t the only men’s swimming star who will be absent from Worlds.
Jun 28, 2015, 8:39 PM EDT
The women’s 800m final was the craziest of the day.
Jun 28, 2015, 4:17 PM EDT
“I want justice for everyone involved.”
Jun 28, 2015, 3:53 PM EDT
Three first-time Worlds members in the women’s 5000m.
Jun 28, 2015, 3:00 PM EDT
Justin Gatlin is slated for the 200m.
Jun 27, 2015, 7:49 PM EDT
The world’s fastest 400m woman in 2014 and 2015 failed to qualify individually for Worlds, but she still might make it.
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