The IOC and Organization
The IOC (International Olympic Committee) is the governing body of the Olympics. After the host city is chosen, the city gets an organizing committee for the construction of the stadiums. The building is funded by ticket revenue, government, private donations, and merchandising. The committee is based in Lausanne, Switzerland. It was started on June 23, 1894 by Pierre Baron De Courbertin and now consists of 105 members. The Committee chooses 4 cities that they think will be a good host city. Then they put it out into the public, and the public votes. This year the cities were Chicago, Illinois, Rio de Janeiro, Brazil, Madrid, Spain, and Tokyo, Japan. The citizens of the world voted on Rio De Janeiro. It will be the first South American city to host the Olympics.