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.
Oct 30, 2014, 3:50 PM EDT
Keflezighi faces tough odds to win Sunday, just as in Boston.
Oct 30, 2014, 2:23 PM EDT
The U.S. roster includes zero men who had the fastest time in the world this year in an Olympic event.
Oct 30, 2014, 8:37 AM EDT
Figure skating champion joins MLB outfielder, ballerina.
Oct 29, 2014, 4:36 PM EDT
Anderson is the two-time reigning USA Volleyball Player of the Year.
Oct 29, 2014, 3:03 PM EDT
The 2018 World Championships were already awarded.
Oct 29, 2014, 2:20 PM EDT
Tennis player flew from Singapore to Denmark to New York this week.
Oct 29, 2014, 10:04 AM EDT
Rising black smoke caused brief panic, but the fire was quickly put out.
Oct 29, 2014, 9:48 AM EDT
Bruno Grandi was at the helm for a judging overhaul.
Oct 29, 2014, 9:35 AM EDT
One of the U.S.’ strongest skaters from last season is not on the team.
Oct 28, 2014, 1:58 PM EDT
Sundquist was a partially eaten gingerbread man, a leg lamp and a flamingo in recent years.
Oct 28, 2014, 1:31 PM EDT
Either Berlin or Hamburg will be chosen in March.
Oct 28, 2014, 9:24 AM EDT
Those against Boston hosting an Olympics sent a letter to the USOC.
Oct 28, 2014, 9:03 AM EDT
Judge rules in lawsuit over environmental concerns.
Oct 27, 2014, 4:10 PM EDT
China’s Zhang Jike kicked through an advertising board.
Oct 27, 2014, 3:42 PM EDT
The list includes a four-time Olympic champion.
Oct 27, 2014, 9:58 AM EDT
Rousseff could join a short list of women to declare open an Olympics in two years.
Oct 27, 2014, 9:20 AM EDT
Alexander Kaptarenko carried a Sochi Olympic torch for 200 meters in December.
Oct 27, 2014, 9:00 AM EDT
Pistorius was sentenced to no more than five years behind prison last week.
Oct 26, 2014, 8:47 PM EDT
Russian who was too young for Sochi Olympics takes title.
Oct 26, 2014, 1:04 PM EDT
Olympic champion’s worst-ever result in Soelden.
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