Olympics

UNCERTAINTY HOVERS OVER ACOG'S BUDGET

5.20.1996

     Price Waterhouse officials warned "there still is some risk"
that ACOG will not break even in staging the $1.7B Olympics,
reports Michelle Hiskey of the ATLANTA CONSTITUTION.  Robbie
Pound of Price Waterhouse announced while ACOG has raised 91% of
its budget, he is "not completely assured" it can meet goals for
tickets, concessions, and other items.  Pound also said ACOG has
its required $13M contingency fund in place, but that the fund is
"a hedge" against low revenues rather than "a contingency for
unbudgeted expenses" (ATLANTA CONSTITUTION, 5/19).

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