Oct 23, 2012, 1:45 PM EST
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.
Dec 21, 2014, 10:07 AM EST
Austrian becomes oldest woman to win a World Cup race.
Dec 21, 2014, 7:37 AM EST
The two-man battle for giant slalom supremacy continues.
Dec 20, 2014, 7:37 PM EST
Humphries, Meyers Taylor finished 15th, 16th out of 17 sleds.
Dec 20, 2014, 5:27 PM EST
Rio’s main Olympic Park will be half the size of London’s Olympic Park.
Dec 20, 2014, 8:40 AM EST
Background on the woman whose record Vonn is close to breaking.
Dec 19, 2014, 2:27 PM EST
Rome 2024 bid could include events in Vatican City.
Dec 19, 2014, 1:23 PM EST
Marathon route over Golden Gate Bridge.
Dec 19, 2014, 12:41 PM EST
Phelps was supported by retired Baltimore Ravens linebacker Ray Lewis.
Dec 19, 2014, 9:11 AM EST
Nyman has won three World Cup races, all in Italy.
Dec 18, 2014, 4:39 PM EST
“He was incredible at that, almost befriending you, and then he’d slip the knife in your back.”
Dec 18, 2014, 3:33 PM EST
Colbert had a memorable time at the 2010 Olympic speed skating oval and in an interview with Bob Costas in Vancouver.
Dec 18, 2014, 12:00 PM EST
Olympic champion tore an ankle ligament in November.
Dec 18, 2014, 11:14 AM EST
Vonn entered five races in Vancouver 2010. She may never do that again at a global championship.
Dec 17, 2014, 5:38 PM EST
Decision details Gay’s acquisition and use of performance-enhancing drugs.
Dec 17, 2014, 5:31 PM EST
Fukushima’s previous governor pitched the area to be part of Tokyo 2020, too.
Dec 17, 2014, 3:29 PM EST
A look at host nation medal contenders for Rio 2016.
Dec 17, 2014, 2:37 PM EST
“It is breach of privacy with malicious target to soil my name.”
Dec 17, 2014, 1:51 PM EST
Japanese teen says he wasn’t satisfied winning silver in Sochi.
Dec 17, 2014, 9:55 AM EST
History shows that’s quite an ambitious goal.
Dec 16, 2014, 7:12 PM EST
USOC could wait until February to announce its city.
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