121st IOC Session 121st IOC Session The 121st International Olympic Committee (IOC) Session was held on October 1–9, 2009 in Copenhagen, Denmark, during which Rio de Janeiro was selected as the host city of the 2016 Summer Olympics. The city of Copenhagen was chosen on February 8, 2006 by the 118th IOC Session held in Turin, Italy to stage the 13th Olympic Congress, together with the meetings of the Executive Board and the 121st IOC Session. The other candidates were Athens (Greece), Busan (South Korea), Cairo (Egypt), Riga (Latvia), Singapore (Singapore), Taipei (Chinese Taipei). Convened on the initiative of President Jacques Rogge, the
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