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
2012 Summer Olympic development by the new Conservative-Liberal coalition government. 2012 Summer Olympic development The 2012 Summer Olympic development process began in 2005, following the successful London bid for the 2012 Summer Olympics, and ran until the games in 2012. While many of the plans were included in the bid portfolio, which gained the favour of the International Olympic Committee (IOC) over the four other bids on 6 July 2005, there were more details released and decisions made afterwards. The London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) was created to oversee many of these developments, though such a large-scale event