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
Youth Olympic Games YOG, and four of them include bringing together the world's best young athletes, offering an introduction into Olympism, innovating in educating and debating Olympic values. The city of Singapore was announced as the host of the inaugural Summer Youth Olympics on 21 February 2008. On 12 December 2008 the IOC announced that Innsbruck, host of the 1964 and 1976 Winter Olympics, would be the host of the inaugural Winter Youth Olympics in 2012. The scale of the Youth Olympic Games is smaller than that of the Olympics, which is intentional and allows for smaller cities to host an Olympic event.