Rio Venues In Disrepair Six Months After Games Korean Political Turmoil Overshadows '18 Games Trump Gives First Public Support Of LA 2024 Bid LA 2024's Bid Reveals Ticket Prices City Council Approves LA 2024's Bid L.A. City Council Signs MOU With LA 2024 LA 2024 Envisions Using Two Stadiums For Cermonies IOC Says No Deadline On NHL/Oly Participation USOC Will Not Host '28 If L.A. Loses '24 Bid Study Shows '24 Games Would Give L.A. $11.2B Boost
ATLANTA TAKES ON CREDIT AS EXPENSES OUTWEIGH REVENUE
Published January 27, 1995
ACOG President Billy Payne said ACOG has spent more than it has taken in, "forcing it to dip into its $200M line of credit provided by game sponsor NationsBank." A report in this morning's ATLANTA CONSTITUTION said ACOG has spent $356M on salaries, professional services, construction and other operational costs, and has raised $248.4M in revenues as of December '94. Payne said he is "confident" AGOG will meet its $1.58M revenue goal, largely through the sale of tickets. AGOG has borrowed $30M, but Payne said that figure was "much less than we anticipated" (Lyle Harris, ATLANTA CONSTITUTION, 1/27). A report in today's N.Y. TIMES reports on "crack in Atlanta's united front on Games," as two members of ACOG's say they "had not been informed enough about planning nor given an opportunity to vote on issues that affect the Games" (Jerry Schwartz, N.Y. TIMES, 1/27). SUPER SIGNS: The WALL STREET JOURNAL rexamines the 25 eight-story billboads -- the "Godzilla of all signs" (Robert Frank, WALL STREET JOURNAL, 1/27).