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 medal Paris Mint, which also made the medals for the 1900 Olympic Games, hosted by Paris. This started the tradition of giving the responsibility of minting the medals to the host city. For the next few Olympiads the host city also chose the medal design. Until 1912 the gold medals were made of solid gold. In 1923 the International Olympic Committee (IOC) launched a competition for sculptors to design the medals for the Summer Olympic Games. Giuseppe Cassioli's "Trionfo" design was chosen as the winner in 1928. The obverse brought back Nike but this time as the main focus, holding a