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Cost of London 2012 Olympic Games

London 2012 Olympics Won't Compete With Beijing Games

The 2012 Summer Olympics will take place in London and the city is already admitting their turn to host will not be as extravagant as Beijing. Britain has nothing to feel badly about; this year's Olympics were the most expensive in history, and it's unlikely another city would top that.

Britain is in the midst of a credit crunch that didn't exist when they won the Olympic sweepstakes three years ago. The government has already expanded their original budget by $13 billion, and says the current $17.4 billion budget is all they can afford. Unfortunately, there's no guarantee the expense will pay off — a Merill Lynch study showed that of the last 11 Olympics, the Games caused financial problems for 10 of the host cities.


Join The Conversation
psterling psterling 8 years
I've heard about the economic toll that the Olympics take on its host cities and I wonder if it wouldn't be better for the games to find a permanent home somewhere.
GeriAnne1932 GeriAnne1932 8 years
*think not thing and whether not weather. Wow, an off typing day.
GeriAnne1932 GeriAnne1932 8 years
They are talking about the same thing here in Chicago because we're bidding for 2016. It's sad that people thing that being so critical is actually newsworthy. Let us, as the viewers, participants, and fans be the judge of weather it'll be as good or not. I thought parts of China's show were weird, over the top and lacked intimacy and charm. Each city brings and overs a different aspect.
ilanac13 ilanac13 8 years
i think that when countries try to out do each other - that's when we lose sight of what the games are all about. of course host countries want to impress the world - but london can do that in other ways. the transportation - the culture, the people, i think that it's all doable. and besides - it'll be easier for people to actually go to see the games - so i think that it's something that london has that China didn't.
foxie foxie 8 years
I didn't watch the opening or closing ceremonies, so I don't really care about extravagance. The fact that it won't be in nasty China is good enough for me!
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