Olympic Games the 2010 Winter Games in Vancouver. Chairman of the London organising committee, Lord Coe, said about the 2012 Summer Paralympics and Olympics in London that, In 2010, the Olympic Games were complemented by the Youth Games, which give athletes between the ages of 14 and 18 the chance to compete. The Youth Olympic Games were conceived by IOC president Jacques Rogge in 2001 and approved during the 119th Congress of the IOC. The first Summer Youth Games were held in Singapore from 14–26 August 2010, while the inaugural Winter Games were hosted in Innsbruck, Austria, two years later. These Games
London Organising Committee of the Olympic and Paralympic Games not responsible for building permanent venues, reported spent £2.38 billion since winning the bid in 2005 and generated £2.41 billion. On 30 May 2013 it handed back to the government, Britain's Olympic committee and other beneficiaries a surplus of £30 million from the 2012 Games. The British Olympic Association received £5.3 million, the British Paralympic Association £2.6 million, and £20 million was returned to the Department for Culture, Media and Sport. On 6 July 2005 the International Olympic Committee (IOC) chose London as the host city for the 2012 Olympic Games. After the success of the London bid, LOCOG was