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.
Aug 31, 2015, 4:20 PM EDT
Olympic champions came through and potential future Olympic stars broke out.
Aug 31, 2015, 2:47 PM EDT
One world record and many near marks on the track and in the field.
Aug 31, 2015, 12:09 PM EDT
Kidney failure, a Segway and goat blood.
Aug 30, 2015, 6:14 PM EDT
The Nigerian team is led by an NBA veteran.
Aug 30, 2015, 5:01 PM EDT
It can’t become official until later this week.
Aug 30, 2015, 10:25 AM EDT
“I’m going to cut the goat … and drink the blood.”
Aug 29, 2015, 11:35 AM EDT
Jamaica swept the relays.
Aug 29, 2015, 11:23 AM EDT
Eaton was competing in his first decathlon in more than two years and wore a cooling hood.
Aug 28, 2015, 1:05 PM EDT
“That feeling of wanting to crawl out of your skin.”
Aug 28, 2015, 12:42 PM EDT
“No chance for rematch,” a meet director said.
Aug 28, 2015, 11:13 AM EDT
Davis, the second youngest U.S. Olympic basketball player ever in 2012, played the fewest minutes for Team USA at the London Games.
Aug 28, 2015, 11:11 AM EDT
Jenner explains why the medal isn’t displayed.
Aug 28, 2015, 10:39 AM EDT
Ashton Eaton clocks a decathlon world record. The third fastest woman ever in the 200m. The U.S. was shut out of the medals in its best event.
Aug 28, 2015, 7:25 AM EDT
A CCTV cameraman presented Bolt with a red bracelet.
Aug 27, 2015, 12:22 PM EDT
Bolt previously said he would retire after the 2017 World Championships.
Aug 27, 2015, 11:53 AM EDT
“The rumor I’m trying to start right now is that Justin Gatlin paid him off.”
Aug 27, 2015, 11:52 AM EDT
Also, Allyson Felix broke a U.S. record for World Championships medals.
Aug 27, 2015, 11:51 AM EDT
Felix could try to race two individual events at the Rio Olympics.
Aug 27, 2015, 7:48 AM EDT
Justin Gatlin got the best of Usain Bolt in their only race before Gatlin’s doping ban.
Aug 27, 2015, 6:51 AM EDT
Pistorius could be out of prison in weeks.
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