London Olympics Costing Less Than Expected

Olympics officials in London are projecting lower costs for hosting the event. Recent estimates put the total cost of hosting the event $46.9 million lower than previously expected.

The report estimates the final cost of the Olympics and Paralympics at $11.6 billion, after $32.3 million was cut from the budget of the main stadium. That includes a savings of $11.3 million by scrapping a planned fabric wrap around the venue.

Olympic Delivery Authority chief executive David Higgins said organizers have saved a total of $1.2 billion since construction began.

Cost of London Olympics trimmed $46.9 million
USA Today
November 9, 2010