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.
Aug 23, 2014, 3:22 PM EDT
Chinese martial arts-derived sport joins others seeking Olympic inclusion.
Aug 23, 2014, 2:34 PM EDT
Mo Farah, Allyson Felix, Shelly-Ann Fraser-Pryce in action.
Aug 23, 2014, 1:22 PM EDT
Bolt bettered his only other 100m this year.
Aug 23, 2014, 8:28 AM EDT
Ledecky beat her own mark in the 400m freestyle.
Aug 23, 2014, 8:20 AM EDT
FIVB Men’s World Championship begins in one week.
Aug 23, 2014, 7:45 AM EDT
“It’s something that’s so outlandish that I think it actually might work,” coach says.
Aug 22, 2014, 11:59 PM EDT
Finals at 5 a.m. ET.
Aug 22, 2014, 11:22 PM EDT
Orozco is looking to win his second U.S. all-around title in three years.
Aug 22, 2014, 6:47 PM EDT
Douglas and Biles became fast friends rooming together in June.
Aug 22, 2014, 1:40 PM EDT
U.S. coach noticed a bent, old bike and decided something had to be done.
Aug 22, 2014, 11:54 AM EDT
U.S. women undefeated in six games so far.
Aug 22, 2014, 11:32 AM EDT
U.S. had to come from behind in both relays.
Aug 21, 2014, 11:17 PM EDT
Finals at 5 a.m. ET on Friday.
Aug 21, 2014, 11:09 PM EDT
Olympian Kyla Ross struggled.
Aug 21, 2014, 7:15 PM EDT
Olympic champion swimmer posts Instagram videos.
Aug 21, 2014, 6:08 PM EDT
A U.S. Summer Olympic Opening Ceremony flag bearer hasn’t won individual Olympic gold since 1960.
Aug 21, 2014, 5:01 PM EDT
Four past U.S. all-around champions are in the field in Pittsburgh.
Aug 21, 2014, 4:01 PM EDT
Also, a rare defeat for Olympic pole vault champion.
Aug 21, 2014, 2:44 PM EDT
Olympic all-around champion says she’ll stay in Columbus through 2016 Olympics.
Aug 21, 2014, 11:26 AM EDT
Ledecky nearly broke another world record.
- Usain Bolt wins 100m in Warsaw after Humvee entrance 1
- Katie Ledecky breaks world record, Michael Phelps wins at Pan Pacs 0
- John Orozco’s mom on his mind as he leads P&G Championships 0
- Bond between Gabby Douglas, Simone Biles 0
- Michael Phelps, Missy Franklin 4th in 100 free, win Pan Pacs relay golds 0
- Simone Biles dominates to open P&G Championships 0
- Amy Van Dyken-Rouen stands, walks with assistance for first time since accident (video) 3
- Emotional Bode Miller medals in race that mattered most (61)
- Russian women kissing after relay victory at World Championships causes stir (56)
- IOC drops wrestling from 2020 Olympics (47)
- South Korea filing official complaint over Yuna Kim’s Olympic silver (38)
- Zola Budd, 47, dominates college runners in 5K (33)