British media says London 2012 delivered $ 601 million under budget . The total cost of the Games forecasted at £ 8.921 billion , rather than £ ##3 billion . London 2012 organizers hand over the Olympic Park to private developers . `` Queen Elizabeth Olympic Park will be a fantastic new place to live , work and visit and enjoy . $ 467 million to be spent on creating housing , schools , nursuries and a museum .
British media says London 2012 delivered $ 601 million under budget . The total cost of the Games forecasted at £ 8.921 billion , rather than £ ##3 billion . London 2012 organizers hand over the Olympic Park to private developers . $ 467 million to be spent on creating housing , schools , nursuries and a museum .