Summer Olympic Games swimmer Mark Spitz, Lasse Virén (of Finland)'s back-to-back gold in the 5,000 meters and 10,000 meters (defeating American distance running great Steve Prefontaine in the former), and the winning of three gold medals by 16-year-old Soviet gymnastic sensation Olga Korbut - who thrilled the world with an historic backflip off the high bar. Korbut, however, failed to win the all-around, losing to her teammate Ludmilla Tourischeva. There was no such tragedy in Montreal in 1976, but bad planning and fraud led to the Games' cost far exceeding the budget. The Montreal Games were the most expensive in Olympic history, until
2012 Summer Olympic development 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 requires the co-operation of many other