London 2012 Olympics Could be Most Expensive Games Ever
Image: telegraph.co.uk
The highly anticipated London Olympics will take place this summer and according to a new report, they could be the most expensive games ever.
The Oxford University’s Said Business School report only explored “sport-related costs” and did not take into account infrastructure projects, yet found that the London Olympic Games could easily be the most expensive games ever, totaling £8.4 billion.
The report included costs such as transport, opening and closing ceremonies, security, building the athletes’ village and venue construction. The sum of these high-priced inclusions takes the London Games 101% over its 2004 budget.
The 2008 Beijing Games are often believed to be the most expensive games staged, particularly because of the extensive opening and closing ceremonies, however it reportedly only totaled £3.13 billion, not £22 billion as is often suggested. Due to cheap labor, the Bejing stadium cost approximately 50% of what the London stadium is expected to total.
Source: Independent
Like Haute Living London? Join our Facebook page or follow us on Twitter @HauteLivingUK. Want Haute Living London delivered to your inbox once a week? Sign up for our newsletter.
Related Articles
Prada Unveils New Boutique At The Somerset Collection In Michigan
This November, Prada has expanded its presence in Michigan with the grand opening of a new boutique at The Somerset Collection.
The Workshop of Wonders: Loro Piana Transforms Harrods For The Season
From November 7th to January 2nd, 2025, Loro Piana transforms Harrods into a realm of festive enchantment with Workshop of Wonders.
Sunny’s Revives The Classic Steakhouse In Miami’s Little River
Sunny’s Steakhouse, the latest venture from the team behind Miami’s renowned Jaguar Sun, has opened its doors in Little River.
Chanel & The Boat Race Announce Historic Long-Term Partnership
In an unprecedented move, Chanel has become the Title Sponsor and official Timekeeping Partner for The Boat Race,
Revamp Your Routine: Must-Have Tips For An Autumn Glow-Up
With the crisp air of autumn comes a chance to reset our skincare and wellness routines.
On The Scene At Sin City’s Hottest Auto Event, The Concours At Wynn Las Vegas
See who stole the (auto) show at the 2024 Concours at Wynn Las Vegas, Sin City’s third iteration of its hottest auto exhibition.
Latest Stories
Trending Articles
Related Articles
Prada Unveils New Boutique At The Somerset Collection In Michigan
This November, Prada has expanded its presence in Michigan with the grand opening of a new boutique at The Somerset Collection.
The Workshop of Wonders: Loro Piana Transforms Harrods For The Season
From November 7th to January 2nd, 2025, Loro Piana transforms Harrods into a realm of festive enchantment with Workshop of Wonders.
Sunny’s Revives The Classic Steakhouse In Miami’s Little River
Sunny’s Steakhouse, the latest venture from the team behind Miami’s renowned Jaguar Sun, has opened its doors in Little River.
Chanel & The Boat Race Announce Historic Long-Term Partnership
In an unprecedented move, Chanel has become the Title Sponsor and official Timekeeping Partner for The Boat Race,
Revamp Your Routine: Must-Have Tips For An Autumn Glow-Up
With the crisp air of autumn comes a chance to reset our skincare and wellness routines.
On The Scene At Sin City’s Hottest Auto Event, The Concours At Wynn Las Vegas
See who stole the (auto) show at the 2024 Concours at Wynn Las Vegas, Sin City’s third iteration of its hottest auto exhibition.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events