Sunday, April 3, 2011

The cost of a summer Youth Olympic games

"The budgets for the final two bids for the inaugural Summer Games came in at $75 million (Singapore) and $175 million (Moscow), much higher than the estimated costs. Bids with lower budgets were eliminated early in the process. Budgets for the inaugural Winter Games were more in line, with a range of $22 million for Innsbruck and $14 million for Kuopio. It has been stated the IOC will "foot the bill" for the Youth Games, but whether or not they will pay the first $15–30 million is as of yet unclear. The cost of the first games in Singapore escalated to an estimated S$387 million (US$284 million).[9]"

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