Olympic Games of 2016, costs per athlete are on average US$599,000 for the Summer Games and $1.3 million for the Winter Games. For London 2012, cost per athlete was $1.4 million; for Sochi 2014, $7.9 million. Where ambitious construction for the 1976 games in Montreal and 1980 games in Moscow had saddled organisers with expenses greatly in excess of revenues, 1984 host Los Angeles strictly controlled expenses by using existing facilities except a swim stadium and a velodrome that were paid for by corporate sponsors. The Olympic Committee led by Peter Ueberroth used some of the profits to endow the LA84 Foundation
Olympic Games ceremony their work during the Games. Next, two other national flags are hoisted on flagpoles one at a time while the corresponding national anthems are played: the flag of Greece to again honor the birthplace of the Olympic Games, and the flag of the country hosting the next Summer or Winter Olympic Games. In Moscow, Soviet Union, during the 1980 Summer Olympics boycott, the flag raised to represent the next games host was that of the City of Los Angeles instead of the flag of the boycotting United States. In Sydney and Athens, two Greek flags were raised because Greece was