Despite lofty ambitions, Olympic host cities often have seen disappointing economic-development results from the Summer Games.
Some 900 youngsters from the six Olympic host boroughs would be given roles in the opening and closing ceremonies, he added.
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The 2018 Youth Olympic host city will be announced by the International Olympic Committee in July 2013, following a shortlisting process in February next year.
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When London was announced as the 2012 Olympic host city, it meant one staple of the UK summer would have to take temporary break: the world-famous Glastonbury contemporary arts festival in Somerset.
Russia's role as Olympic host got another black eye after a top Russian crime lord was gunned down last week in Moscow in what police described as a war between two powerful mobs over lucrative construction projects, allegedly including ones for the 2014 Sochi games.
Batista was the most vocal Brazilian businessman in lobbying the Olympic Committee to choose Rio de Janeiro to host the Olympic games.
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The Black Sea resort city of Sochi will host the Winter Olympic Games and the reinstated Russian Grand Prix in 2014, and Russia will host the FIFA World Cup in 2018, with many hotel chains around the country investing in anticipation.
It was 1987 and South Korea was preparing to host the Olympic Games in Seoul.
London is now ready to host the Olympic Games, a panel of inspectors has been told.
The stadium had to wait almost 60 years to host an Olympic competition.
Weymouth Bay and nearby Portland Harbor will host the Olympic and Paralympic sailing events during the 2012 London Olympics.
The devastation comes as China is preparing to host the Olympic Games, which begin in Beijing on Aug. 8.
Any lingering hopes that Manchester could one day host the Olympic Games have been dismissed by Sports Minister Richard Caborn.
Today, people who don't even know me gave me the greatest gift that a president could have: to host the Olympic Games in Rio de Janeiro.
The Isle of Man will host the Olympic torch on 2 June next year as it journeys across the British Isles in the run-up to the Games in London.
There is of course a tremendous amount of effort that goes into the marketing of a city to be a true contender for the Olympic games or to host the world EXPO.
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It would be like a double Fifa World Cup and Olympics because, apart from the main venue for the Games, Kenya would have to build at least six world-class stadiums to host the Olympic football matches alone.
Obama's campaign has accused Romney of shifting positions on foreign policy matters and mishandling a trip to England, Israel and Poland this summer when he publicly questioned London's preparedness to host the Olympic Games and cited cultural differences as a reason for economic disparities between Israelis and Palestinians.
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And as mayor, he will be the host of the Olympic Summer Games in 2016.
The huge security operation comes as London prepares to host the 2012 Olympic Games, which open in late July.
For a break from biking, rent a swan pedal boat and tour the lagoon that will host the 2016 Olympic rowing events.
Olympic budgets submitted by prospective host cities fall into three categories.
Should London win its bid to host the 2012 Olympic Games, it will hope that someone of Mrs Blankers-Koen's prodigious talent will set the track alight.
As Beijing prepares to host the summer Olympic Games in less than three months, officials were quick to report that the city's dozens of Olympic venues were built to withstand earthquakes and that none had suffered damage.
While it is true that 92% of games revenues goes to the host and national olympic committees and some of this money is used to support athletes, this is not provided to all athletes (or even all medal-winning athletes) and is generally less than the true financial needs of the athlete.
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With a journey time of about seven minutes, the train service means London's Olympic Park will be more quickly accessed from the host city than has been the case in any previous Olympic Games, LOCOG officials say.
During the Olympic Games, the U.S. Embassy in London will establish an Olympic Coordination Office, tasked with providing intelligence and timely coordination with the host country and the U.S. Olympic Team.
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Rio de Janeiro also will stage many of the key matches when Brazil hosts the World Cup next year, and it will be the host city for the Olympic Games in 2016.
The controversy unfolds at a delicate time for Spain: Madrid is among the finalist to host the 2016 Summer Olympic Games, and Spanish athletes and fans have been criticized and sanctioned for actions deemed racially insensitive.
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