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 21, 2014, 12:28 PM EDT
Film documenting Missy Franklin’s lead-up to London debuts next month.
Oct 21, 2014, 11:52 AM EDT
Cejudo pulled out of his original debut Aug. 30.
Oct 21, 2014, 11:10 AM EDT
Eight members of 1980 U.S. Olympic hockey team will conduct spring event.
Oct 21, 2014, 10:44 AM EDT
Red Bull video shows skiers in LED lights at night in Alaska.
Oct 21, 2014, 9:46 AM EDT
Vido Loncar banned for life by Croatian boxing federation.
Oct 21, 2014, 9:04 AM EDT
Borre Rognlien’s move unrelated to Oslo’s failed bid and threats, according to reports.
Oct 21, 2014, 5:37 AM EDT
Pistorius would not be allowed to run, even if he is out of jail and under correctional supervision.
Oct 21, 2014, 5:18 AM EDT
Pistorius could serve less than one year in prison.
Oct 20, 2014, 2:52 PM EDT
A look back at the greatest head-to-head duel in track and field history.
Oct 20, 2014, 1:18 PM EDT
Olympic champion hasn’t retired from Nordic combined, either.
Oct 20, 2014, 11:06 AM EDT
“Morning joggers helped us and also guided us to the nearest metro station.”
Oct 20, 2014, 10:54 AM EDT
How fast would they have to traverse the Bernabeu to have Olympic 100m final speed?
Oct 20, 2014, 9:45 AM EDT
Olympic downhill champion told German magazine she has good days and bad days.
Oct 20, 2014, 9:30 AM EDT
Ohno said he went into “full warrior mode” in Hawaii.
Oct 20, 2014, 9:06 AM EDT
Two-time Olympian held U.S. mile record until 2007.
Oct 20, 2014, 8:54 AM EDT
U.S. Embassy scale had air pollution level at “hazardous.”
Oct 20, 2014, 8:37 AM EDT
Shamil Tarpischev, Russian tennis president, is also a longtime IOC member.
Oct 19, 2014, 10:30 AM EDT
How top Americans, Austrian going for history will be affected this World Cup season.
Oct 17, 2014, 2:50 PM EDT
Two-time Olympic halfpipe champion won’t be competing, though.
Oct 17, 2014, 10:54 AM EDT
Top U.S. skaters are incorporating new rule into their programs this season.
- Oscar Pistorius sentenced to maximum 5 years in prison 3
- The jump for the ages: Mike Powell, Bob Beamon and a revered world record 0
- Apolo Ohno on Ironman: A milestone among my 8 Olympic medals 1
- Beijing Marathon run through smog (video, photos) 0
- Aksel Lund Svindal injured playing soccer, likely out most of season 0
- Justin Gatlin not among IAAF Athlete of the Year award finalists 0
- Noelle Pikus-Pace: I already miss skeleton, but happily retired 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)