Security costs surge for 2012 Olympics

December 06, 2011

As a result of increased security costs, the organizers of the 2012 Olympic games in London have already almost reached their budget, but still have many security issues to address.

Auditors said that only $785 million remain allocated to deal with future costs. “An additional 271 million pounds ($424 million) has been allocated to making venues and other sensitive sites, such as hotels, more secure."

"That means the total cost of securing the venues has climbed to over 553 million pounds ($862 million),” the Associated Press reported. The total cost of the event is around $14.6 billion. Read more