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.
Nov 26, 2014, 1:06 PM EST
Full schedule of coverage across World Cups, Grand Prix events and World Championships.
Nov 26, 2014, 7:42 AM EST
Sister-brother team had bronze medals, but the official results didn’t reflect that until Tuesday.
Nov 25, 2014, 1:19 PM EST
Neither has competed since the London Olympics.
Nov 25, 2014, 10:46 AM EST
Scheduling conflicts, another new event?
Nov 25, 2014, 9:27 AM EST
Christ the Redeemer, Olympic motto honored on the coins.
Nov 24, 2014, 10:23 PM EST
Phelps is working toward 2015 goals, a North Baltimore official said.
Nov 24, 2014, 3:52 PM EST
An MRI and bone scan showed no structural damage.
Nov 24, 2014, 11:25 AM EST
Canada won its first men’s hockey Olympic gold in 50 years under Quinn.
Nov 24, 2014, 10:11 AM EST
Olympic champion Shields was named the tournament’s best overall boxer.
Nov 24, 2014, 9:17 AM EST
Tikhonov led the Soviets in the Miracle on Ice game.
Nov 24, 2014, 8:42 AM EST
Sun tested positive for a substance he could have used legally if he filed paperwork with anti-doping officials.
Nov 23, 2014, 9:27 PM EST
Public vote to name the mascots.
Nov 23, 2014, 8:38 PM EST
Video of how he suffered the injury was posted on Ligety’s social media.
Nov 22, 2014, 4:24 PM EST
It’s unlikely a U.S. man will qualify for the Grand Prix Final.
Nov 22, 2014, 9:05 AM EST
“i just don’t want to puke,” Wagner said.
Nov 21, 2014, 3:10 PM EST
This year’s winners came from unprecedented nations and events.
Nov 21, 2014, 2:24 PM EST
Wagner could match a Michelle Kwan feat at the French event.
Nov 21, 2014, 8:59 AM EST
“Unbroken” film about Olympian and World War II hero comes out on Christmas.
Nov 20, 2014, 5:34 PM EST
Young Dmitry Melnichenko lost the match, then lost his cool.
Nov 20, 2014, 4:57 PM EST
Olympic ski slopestyle champion uses a chainsaw every day.
- Katie Ledecky faces decisions in 2015, 2016 0
- Michael Phelps back in the pool; Phelps, Ledecky win Golden Goggles 2
- Viktor Tikhonov, Soviet Union Olympic hockey coach, dies at 84 1
- Sun Yang failed drug test, served three-month ban 0
- Rio 2016 Olympic, Paralympic mascots unveiled (video) 0
- Maksim Kovtun rallies to win Trophee Bompard (video); Grand Prix Final picture 0
- Ashley Wagner in Grand Prix Final fight after finishing behind Russians at Trophee Bompard (video) 0
- 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)