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.
Mar 12, 2014, 6:10 AM EDT
American posts best-ever World Cup downhill result, moves up overall standings.
Mar 12, 2014, 1:00 AM EDT
The U.S. wheelchair curling team faces a critical Wednesday at the Paralympics with two of its final three games scheduled. The Americans (2-4) open play against China (3-3) at 1:30 a.m. ET live on NBCSN, followed later with a game against Sweden (2-4). Two losses will eliminate the U.S. from medal contention. Even a 1-1…
Mar 11, 2014, 1:56 PM EDT
Former University of Minnesota goalie was prepared to quit the sport.
Mar 11, 2014, 12:25 PM EDT
Crystal globes at stake in final races of the season.
Mar 11, 2014, 11:21 AM EDT
Women train where “a few yellow lamps light up a cavernous, sparsely furnished room.”
Mar 11, 2014, 10:45 AM EDT
Americans’ long winning streak snapped.
Mar 11, 2014, 10:27 AM EDT
Two Olympians and several Olympic sports athletes among 19 nominees.
Mar 11, 2014, 10:11 AM EDT
Double amputee has pleaded not guilty to gun charges.
Mar 11, 2014, 9:22 AM EDT
Olympic gymnast married longtime boyfriend.
Mar 11, 2014, 8:06 AM EDT
Two cases of White House-brewed beer in Canadian hands now.
Mar 11, 2014, 1:30 AM EDT
U.S. still looking for first gold medal.
Mar 10, 2014, 12:41 PM EDT
The 26.2-mile race is April 21.
Mar 10, 2014, 11:08 AM EDT
Hockey Hall of Fame already has Olympic display with Teemu Selanne’s socks.
Mar 10, 2014, 10:18 AM EDT
Pathologist details graphic nature of Steenkamp’s bullet wounds.
Mar 10, 2014, 10:14 AM EDT
Two U.S. skiers claim bronze. Two others hospitalized after crashes.
Mar 10, 2014, 6:24 AM EDT
“Kim’s last appearances on ice as a figure skater.”
Mar 10, 2014, 5:15 AM EDT
U.S. Paralympic medalists flown to hospital.
Mar 10, 2014, 1:30 AM EDT
Alpine skiing highlights Monday action from Sochi.
Mar 9, 2014, 1:58 PM EDT
U.S. wins gold and total medal counts for fourth straight World Indoors.
Mar 9, 2014, 12:34 PM EDT
Tyler Walker cartwheeled several times but joked on social media.
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