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.
Jul 29, 2014, 5:20 PM EDT
It became Xxx at a passport office, according to the BBC.
Jul 29, 2014, 4:35 PM EDT
Boston is one of four finalist cities for a potential U.S. bid for the 2024 Olympics.
Jul 29, 2014, 3:34 PM EDT
Officials hope to hold test event in late 2015 or early 2016.
Jul 29, 2014, 3:02 PM EDT
Olympic silver medalist speed skater hit his first two professional home runs.
Jul 29, 2014, 11:14 AM EDT
Prince Harry follows the Queen’s lead in Glasgow.
Jul 29, 2014, 10:41 AM EDT
Scottish player pulls off a “wedgie” celebration.
Jul 29, 2014, 10:02 AM EDT
Chika Amalaha may be stripped of her gold after becoming the youngest women’s weightlifting champion in Commonwealth Games history.
Jul 28, 2014, 8:55 PM EDT
Athletes found safe in Beaverton, Ore., after going missing in Eugene.
Jul 28, 2014, 11:01 AM EDT
Nanjing Games open Aug. 16.
Jul 28, 2014, 10:39 AM EDT
Retired Olympic champion took part in Korea Skating Union workshop, according to South Korean media.
Jul 28, 2014, 10:19 AM EDT
Lawrence won gold on the U.S. 4x400m relay team at the 2014 IAAF World Relays.
Jul 28, 2014, 9:32 AM EDT
Neymar played in 2012, but there’s a new obstacle that could keep him out of 2016.
Jul 27, 2014, 6:46 PM EDT
Kerri Walsh Jennings notched a milestone victory.
Jul 27, 2014, 4:00 PM EDT
Search and rescue crews were on the lookout for Jared Pikus and his three children.
Jul 27, 2014, 3:00 PM EDT
Kerri Walsh Jennings can hit another career milestone.
Jul 26, 2014, 5:24 PM EDT
U.S. Olympic medalists will face Spanish or Brazilian pair Sunday on NBC.
Jul 26, 2014, 4:00 PM EDT
Three-time Olympic champion Kerri Walsh Jennings in biggest tournament of 2014 in U.S.
Jul 26, 2014, 10:17 AM EDT
Bolt will make a rare appearance in the heats of a 4x100m relay at Commonwealth Games.
Jul 26, 2014, 9:02 AM EDT
Beijing gold medalist slated for first bout in August.
Jul 25, 2014, 4:07 PM EDT
USOC met with representatives from four finalist cities this week.
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