London Games come in $603 million under budget

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Beijing organizers essentially shouted Chinese culture at their worldwide audience in 2008, spending $67 billion on the Olympics while presumably using “we’re gonna need a bigger boat” as the punch line of every meeting they held leading up to the Games.

On the other hand, London, seemingly content not competing against Beijing’s incredible spectacle, aimed to only spend about $15 billion – or less than a quarter of what the previous Olympics cost.

Somehow they still came in under budget.

“The work of the construction and delivery teams, from the ODA and LOCOG, has set a very high standard,” said sports minister Hugh Robertson of the somewhat abnormal surplus. “I have no doubt that London 2012 has set a new benchmark for the management of Olympic and Paralympic Games in future.”

LOCOG ended up with about $603 million left over when all was said and done, which is great news for the London Legacy Development Corporation since it plans to spend $467 million of that on redeveloping the now four month old Queen Elizabeth Olympic Park in east London.

The update to what will essentially be a U.K. sports version of Disneyland will keep the aquatics, cycling, basketball, and handball venues intact, and will also include 2,818 new houses and apartments in five neighborhoods, as well as three schools, three health centers, nine nurseries, and a library.

Ashton Eaton named male IAAF Athlete of the Year

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American decathlete Ashton Eaton was named the 2015 male Athlete of the Year by the International Association of Athletics Federations, the world governing body for track and field. Ethiopia’s Genzebe Dibaba, the reigning world champion in the 1500m, was named the female IAAF Athlete of the Year.

Eaton is the first decathlete and just the eighth American man to win the title. Tyson Gay in 2007 was the last American man to be named.

The honor came due to Eaton’s world-record-setting performance at the world championships held in Beijing this past August. There he beat the previous record, his own from the 2012 Olympic Trials, by nine points. He also set a world record for running the fastest 400m portion of the decathlon in 45.00 seconds.

In the IAAF press release, Eaton said, “Athletes spend the most vigorous years of human life, arguably called the ‘best years’, working to hone their abilities. So, when an athlete competes, what people are witnessing is the manifestation of what a human being is capable of when they choose to direct all of their time and effort towards something.

“I’m grateful and thankful to the IAAF for excellent competitions, the canvases that allow us to display our work.”

He also acknowledged sprinter Usain Bolt and triple jumper Christian Taylor, who were also up for the title: “While I’m honored that I am considered the ‘artist’ of the year, I did not beat Usain and Christian; my work simply differed in design. They are some of the most talented and beautiful performers of all time. I’m flattered to be among them.”

Dibaba has been unbeaten in the 1500m over five races in 2015. Along with winning gold and setting a world record in the 1500 at the Beijing World Championships, Diababa won a bronze medal in the 5000m event.

She gratefully accepted the award, saying, “After being a finalist and narrowly missing out on this award one year ago, I am very proud to be recognized by the fans and experts of our sport.

“I had a great season and truly enjoyed competing around the world, from Monaco where I managed to establish a world record, to Beijing where I finally captured my first world outdoor title.”

Dibaba was recently featured in a family-themed promotional video for the 2016 Summer Olympics in Rio.

MORE: Seb Coe splits from Nike as IAAF president


Olympians celebrate Thanksgiving

Meryl Davis
Team USA/ Twitter
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Nov. 26 – or Thanksgiving to the rest of us – is oftentimes a typical training day for many Olympians and Olympic hopefuls. Here’s a look at how some of them spent the day training, competing, celebrating, and being thankful.

Workout football and food😁👍!!! Happy thanksgiving everyone!!!

A photo posted by Michael Phelps (@m_phelps00) on

Happy Thanksgiving from our cold cuts Turkey to yours! #family #happyhappyheart

A photo posted by @cammileadams on

Happy Thanksgiving from the SwimMAC Parade crew!

A photo posted by Tyler Clary (@tylerclary) on


MORE: NBC’s Thanksgiving Rio promo