London bid for the 2012 Summer Olympics being selected by the International Olympic Committee (IOC) when put up against other world cities in a competitive bidding process. On 6 July 2005 at its 117th Session in Singapore, the IOC awarded London the right to host the Games of the XXX Olympiad. The city beat the favourite Paris 54 to 50 on the fourth and final ballot. London is the first city to host the Games three times. At the time of the bid, the budget projection was around £2 billion, but it was later estimated that the true cost would be around £9 billion. The project involved
President of the International Olympic Committee years, and was succeeded by Lord Killanin. Michael Morris, 3rd Baron Killanin, was elected as Honorary President of the Olympic Council of Ireland (OCI) in 1950, and became the Irish delegate at the IOC in 1952. He eventually became senior vice-president of the IOC in 1968, and succeeded Avery Brundage to the presidency on 23 August 1972, being elected at the 73rd IOC Session in Munich, just prior to the 1972 Summer Olympics. The Olympic Movement experienced a difficult period during his presidency, having to deal with the aftermath of the tragedy at the 1972 Munich Games and the financial