Rio Increases Budget For '16 Olympics Phelps Coming Out Of Retirement Concerns Over Rio Olympics Prep Mounting USOC Hopes To Narrow '24 Bid List IOC's Bach Appoints New Commission Heads USA Luge Elects 11-Person BOD Details Emerge About Rio Games Golf Fields L.A. Increases Efforts For '24 Games Bid Report Shows Boston Could Feasibly Host Olympics U.S. Bid City For '24 Games Expected By Year's End
Upcoming Conferences and Events
SBD/May 11, 2012/Olympics
IOC Officials Urge Spectators To Give Themselves Plenty Of Time To Get To Venues
Published May 11, 2012
THE SKY IS FALLING: In London, Simon Hart reported London taxpayers “may have to foot the bill for the running costs of the Olympic velodrome in the immediate aftermath of the London Games following the collapse of a naming-rights deal with Sky.” Lee Valley Regional Park Authority, the owners of the velodrome and surrounding "VeloPark" in Stratford, East London, “had been in advanced negotiations with the broadcaster for a 10-year naming rights deal” worth up to a reported US$1.6M a year. After the Olympics, the entire VeloPark ... will be “open to the general public." Combined with revenue from "admission fees, a naming rights deal would make the venue effectively self-financing” (London TELEGRAPH, 5/8).
IN THE FUTURE: In London, Paul Kelso reported a decision over the future of the Olympic Stadium “could be delayed until after the Games” following London Mayor Boris Johnson’s moves to “replace the chairman of the body that will make the call.” Johnson appointed Daniel Moylan as London Legacy Development Corporation Chair, a move which is “likely to see Baroness Margaret Ford, the chairman since its inception, leave in June, before her expected departure in September.” Moylan’s appointment is “understood to have come as a surprise to the board, and Ford was informed by Johnson only on Tuesday” (London TELEGRAPH, 5/10).