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
Chicago bid for the 2016 Summer Olympics and the media. IOC president Jacques Rogge praised Chicago's design in November 2007 as a possible "blueprint for the future", reflecting the desire of the IOC to make the games both more affordable and to have a smaller ecological footprint on the host city. The Olympic Village for housing athletes during the games would have been a $1.1-billion series of newly constructed lakefront buildings that would have been converted to rental and condominium units after the games. The village was to be located immediately south of McCormick Place, which was expected to host 11 event venues, on a current truck