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
Winter Olympic Games selected as the host city for the 2014 Winter Olympics over Salzburg, Austria, and Pyeongchang, South Korea. This was the first time that Russia had hosted a Winter Olympics. The Games took place from 7 to 23 February 2014. A record 2,800 athletes from 88 countries competed in 98 events. The Olympic Village and Olympic Stadium were located on the Black Sea coast. All of the mountain venues were 50 kilometres (31 miles) away in the alpine region known as Krasnaya Polyana. The Games were the most expensive so far, with a cost of £30 billion (USD 51 billion). On