Penny Steps Down As USA Gymnastics President IOC Creates Group To Study Candidate Process USOC Short On Details After Gymnastics Meeting USOC Wants Gymnastics' Steve Penny Out Penny Situation Creates Rare Discord At NGB IOC Delays L.A. Visit After Recent Upheaval IOC Official Under Fire For Taking Payment IOC TV Rights Up 7% For '14, '16 Games IOC, WADA Get Tongue Lashing Over Russia Tension Mounts Between USOC, USADA
OLYMPIC PARK FUNDRAISING BEGINS
Published November 9, 1994
The Atlanta Chamber of Commerce began its campaign to raise $10 million from local businesses for the $50 million Centennial Olympic Park. The Chamber has already received about $6 million in cash commitments from 15 companies, and Chamber President Gerald Bartels hopes to bring in even more than $10 million. Bartels: "This is the opportunity for companies who have been waiting to be asked to make a commitment but not at the level of major sponsorship." Dan Graveline, a leader of the park effort, said they have begun land acquisition which will cost about $31M, and F. Duane Ackermon, President of BellSouth Telecommunications and another leader of the park campaign, "hopes to bank all contributions by January to prevent a cash flow crunch" (Melissa Turner, ATLANTA CONSTITUTION, 11/9).