The Olympic Games was first started in the year 776 BC, according to inscriptions in Olympia. The origin of the games is mysterious. The Olympic Games was started by Heracles, who first called the game Olympic and established the custom of holding it every four years. The first modern Olympic Games were held in 1896, in the Panathenaic Stadium in Athens, under the IOC. The International Olympic committee, which is the governing body of the Olympic Movement, was founded by Baron Pierre de Coubertin in 1894. The Greek officials and the public with some of the athletes were so enthusiastic about the experience of hosting these Games, that they wanted Athens to be the host for all the games in future.
[...] The flag will continue to fly till the opening ceremony of the 2012 Olympic Games. Financing for the Games The cost for venues and infrastructure and Games are separate. The financing for the venue is through Public money and the Games are privately funded. On 15 March 2010, a budget of 5.3 million was announced for the building of Venues and Infrastructure. A regeneration budget of 1.7 million was also announced for the Lower Lea valley. After a few additional costs like security and policing, VAT, elite sport and Paralympic funding, the total funding cost has risen to 9.345 billion. [...]
[...] The 2012 Olympic Games will be held from 27 July to 12 August in London. London will become the first city to host the modern Olympic Games three times, having twice hosted in 1908 and 1948 respectively. The city has been preparing extensively for the Games and believes that there will be a “2012 legacy". Venues and Infrastructure The 2012 Olympic Games will use both new and historic venues, some of them in well-known locations such as Hyde Park and Horse guards Palace. [...]
[...] Hence they have been asking for the Olympics to be rescheduled. The Mascots The Mascots for the 2012 Olympic Games are Wenlock after Much Wenlock from Shropshire and Mandeville after Stoke Mandeville in Buckinghamshire, where the first Paralympics were held. The Logo The logo for the 2012 Summer Olympic Games has been designed by Wolff Olins. This logo is a representation of the number 2012 and has the Olympic Rings embedded within the zero. This logo has met with mixed responses from people. [...]
[...] The Olympic Games will pave the way for long term economic benefits. Olympic Villages release between 5000 to 20,000 new-homes that the government can later hand over as low-cost houses. The Olympics showcases the host nation to the entire world which boosts tourism in the years to come, after the Olympics. An estimated 60,000 to 135,000 people will be trained and provided with jobs, according to the Paris and New York estimates respectively. Hosting the Olympic Games could also prove a strong political point because it is an exhibition of economic strength and opportunity. [...]
[...] These games will still be Olympic Games though they were featured in the 2008 Beijing Olympics for the last time. After deciding on dropping them, the IOC decided to replace them and conducted a vote to decide among five games: Karate, golf, squash, roller sports and rugby sevens. Karate and Squash were the final nominees but did not receive sufficient votes to replace baseball and softball. The IOC has approved the addition of golf and rugby sevens for the 2016 games. [...]
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