Sports | 2012 London Olympics Brits 'Duped' Over Olympic Pricetag Government slammed after projected costs soar $10B By Rob Quinn Posted Apr 22, 2008 3:00 AM CDT Copied Sebastian Coe, the chairman of the London Organizing Committee for the Olympic Games (LOCOG), pauses during a news conference in London, in this April 21, 2006 file photo. (AP Photo/Lefteris Pitarakis, File) The projected pricetag of the 2012 Olympic games in London has more than doubled to $18 billion since the city was picked as host three years ago—and the British government is being accused of deliberately low-balling estimates to sell the event to the public, the Guardian reports. A public spending watchdog says the original figure was completely unrealistic. "It seems extraordinary that foreseeable costs were left out of the budget," he said. "Parliament and the public were undoubtedly misled over the true costs of the Olympic project." Read These Next "Admiral Piett" of the Star Wars universe died from COVID. Trump voter who supported mass deportations could be deported herself. Shooter opens fire on Texas Border Patrol Rescuer in floods gets a poignant question. Report an error