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
Bids for the 2020 Summer Olympics (London 2012). Out of the six bidders, Tokyo had previously hosted the Summer Olympic Games in 1964. The other four bidders have made bids in the past. It is the first time in 20 years that no city in the Americas bid to host the Summer Olympic Games. Rio de Janeiro was awarded the 2016 Summer Olympics. Baku and Doha bid for the 2016 Games but failed to become candidate cities, while Tokyo and Madrid also bid for the 2016 Games and became candidate cities. The IOC voted to select the host city of the 2020 Summer Olympics on 7