Current:Home > Finance2026 Olympic organizers forced to look outside Italy for ice sliding venue after project funds cut -MoneyStream
2026 Olympic organizers forced to look outside Italy for ice sliding venue after project funds cut
View
Date:2025-04-15 17:49:18
MUMBAI, India (AP) — A big-ticket project for the 2026 Milan-Cortina Olympics has been dropped because the Italian government no longer wants to help fund it, organizing committee officials said Monday.
Bobsled, luge and skeleton events now need to be held outside Italy, likely either at the sliding track in Igls, Austria or St. Moritz, Switzerland.
The historic Eugenio Monti track at Cortina d’Ampezzo – built 100 years ago, used for the 1956 Winter Games, and shut down 15 years ago – was planned to be rebuilt but expected costs spiraled from the original 50 million euros ($53 million) estimate.
“Recent years’ dramatic international scenario has forced a reflection on the resources regionally allocated by the Italian government as investment for this specific venue,” organizing committee leader Giovanni Malago said at the International Olympic Committee’s annual meeting being held in Mumbai, India.
“This venue has been at the center of a long and controversial process,” Malago acknowledged, after a tender for the work produced no viable contractor.
The IOC had long been skeptical about the Cortina sliding track project and urges Olympic hosts to avoid building venues which do not fulfil a proven need for local communities.
Using venues outside a host country is now encouraged to limit costs for Olympic organizers who typically overspend budgets.
Malago said Milan-Cortina officials will decide which sliding track to use after consulting with the IOC.
Milan-Cortina won hosting rights in 2019, beating a Swedish bid centered on Stockholm that planned to use a sliding track in Latvia.
—-
AP Olympics: https://apnews.com/hub/2024-paris-olympic-games
veryGood! (7796)
Related
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Getting paid early may soon be classified as a loan: Why you should care
- Oregon ban on hard-to-trace ghost guns goes into effect Sunday
- Angelina Jolie Shares Perspective on Relationships After Being “Betrayed a Lot”
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- NFL, owners are forcing Tom Brady into his first difficult call
- TikTok 'demure' trend is a masterclass from a trans woman on respect and kindness
- Matthew Gaudreau's Wife Madeline Pregnant With Their First Baby Amid His Death
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Artem Chigvintsev Previously Accused of Kicking Strictly Come Dancing Partner
Ranking
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Judge rejects claims that generative AI tanked political conspiracy case against Fugees rapper Pras
- Another grocery chain stops tobacco sales: Stop & Shop ditches cigarettes at 360 locations
- Harris says Trump tariffs will cost Americans $4k/year. Economists are skeptical.
- Trump invites nearly all federal workers to quit now, get paid through September
- Move over, Tolkien: Brandon Sanderson is rapidly becoming the face of modern fantasy
- Artem Chigvintsev Says Nikki Garcia Threw Shoes at Him in 911 Call Made Before Arrest
- Tallulah Willis Shares Insight Into Her Mental Health Journey Amid New Venture
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Ex-election workers want Rudy Giuliani’s apartment, Yankees rings in push to collect $148M judgment
'Serial' case keeps going: An undo turns into a redo in Adnan Syed murder conviction
Ulta Flash Deals Starting at $9.50: You Have 24 Hours to Get 50% off MAC, IGK, Bondi Boost, L'ange & More
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Michigan Supreme Court says businesses can’t get state compensation over pandemic closures
From 'The Fall Guy' to Kevin Costner's 'Horizon,' 10 movies you need to stream right now
College football games you can't miss from Week 1 schedule start with Georgia-Clemson