As is common knowledge, the costs incurred to redevelop the Olympic Park, other venues and infrastructure and public transport facilities are not included in the cost for hosting the games. These costs are generally covered by the money of the public while the hosting costs are privately funded. In March 2007, Tessa Jowell made an announcement in the House of Commons that the budget for redeveloping the venues and infrastructure for the games will be £5.3 billion.

The 2012 London Summer Olympics has had 2 official logos; one for their bid in 2005 and another becoming the official one to be used in 2012. The former was designed by Kino Design and the latter was designed by Wolff Olins. The one designed by Olins was unveiled in June 2007 and was declared to be the official logo for the 2012 Summer Olympics.

Overview

Officially recognized as “Games of the XXX Olympiad”, the Summer Olympics of 2012 will take place in the city of London, United Kingdom. With this, London is set to become the first city in history to host the Olympic Games thrice; having done so in the years 1908 and 1948.