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 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.
Nov 20, 2014, 3:03 PM EST
Vito thought he had what it took to make the Olympic team, but judges didn’t see it the same way.
Nov 19, 2014, 11:30 PM EST
Olympic champion could face the only woman who beat her in the quarterfinals.
Nov 19, 2014, 8:25 PM EST
“I don’t really want to race unless I have a shot at winning.”
Nov 19, 2014, 1:40 PM EST
Her name could be “erased from the list of participants,” IOC president said.
Nov 19, 2014, 11:29 AM EST
Eight stadium events will have morning finals, a first for Olympic track and field since 1988.
Nov 18, 2014, 4:11 PM EST
The IOC will vote on 40 proposed changes to the Olympics in December.
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- 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; Grand Prix Final picture 0
- Ashley Wagner in Grand Prix Final fight after finishing behind Russians at Trophee Bompard 0
- Angelina Jolie showed Louis Zamperini scenes of ‘Unbroken’ on hospital bed 1
- Joss Christensen becomes ‘mountain man’ since Sochi Olympics 0
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- South Korea filing official complaint over Yuna Kim’s Olympic silver (39)
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