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London Wins 2012 Olympic Bid!

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The International Olympic Committee has selected London as the host of the Summer Olympics in 2012. The IOC chose the English capital city in a 54-50 vote in Singapore Wednesday.

IOC President Jacques Rogge said all the candidates had given great presentations and each could host the Olympics, but London was chosen over Paris. British Prime Minister Tony Blair said that the result was evidence of what can happen when people work together toward a common goal.

The last time London hosted the Olympics was 1948 just three years after the close of World War II. Paris last hosted the Games in 1924. This is the third time the French Capital has lost in the bidding process.

The vote came after three other cities bidding to host the Olympics -- Madrid, Moscow and New York, were eliminated in the early rounds of voting. The next Summer Olympics will be held in Beijing, China in 2008. Turin, Italy hosts the Winter Games next year.

Some information for this report provided by AP.

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