Current:Home > Finance2026 Olympic organizers forced to look outside Italy for ice sliding venue after project funds cut -CapitalCourse
2026 Olympic organizers forced to look outside Italy for ice sliding venue after project funds cut
View
Date:2025-04-11 21:55:59
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! (3)
Related
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- This company adopted AI. Here's what happened to its human workers
- Peloton is recalling nearly 2.2 million bikes due to a seat hazard
- Get Your Skincare Routine Ready for Summer With This $12 Ice Roller That Shoppers Say Feels Amazing
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- In the Race for Pennsylvania’s Open U.S. Senate Seat, Candidates from Both Parties Support Fracking and Hardly Mention Climate Change
- Companies are shedding office space — and it may be killing small businesses
- The Best 4th of July 2023 Sales: $4 J.Crew Deals, 75% Off Kate Spade, 70% Nordstrom Rack Discounts & More
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Beauty TikToker Mikayla Nogueira Marries Cody Hawken
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Inside Malia Obama's Super-Private World After Growing Up in the White House
- Jesse Palmer Teases Wild Season of Bachelor in Paradise
- Red States Still Pose a Major Threat to Biden’s Justice40 Initiative, Activists Warn
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Shaun White Deserves a Gold Medal for Helping Girlfriend Nina Dobrev Prepare for New Role
- In BuzzFeed fashion, 5 takeaways from Ben Smith's 'Traffic'
- Toyota to Spend $35 Billion on Electric Push in an Effort to Take on Tesla
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Everything We Know About the It Ends With Us Movie So Far
Dealers still sell Hyundais and Kias vulnerable to theft, but insurance is hard to get
New Study Identifies Rapidly Emerging Threats to Oceans
The Grammy nominee you need to hear: Esperanza Spalding
Biden administration warns consumers to avoid medical credit cards
The weight bias against women in the workforce is real — and it's only getting worse
In BuzzFeed fashion, 5 takeaways from Ben Smith's 'Traffic'