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Rio Games Sees Budget Increase By 25% In Wake Of Project Delays, New Transit Plans

04 / 17 / 14

Brazilian authorities "unveiled an infrastructure budget" of US$10.76B for the '16 Rio Games, which is 25% "more than planned, as they try to reassure the world they can deliver facilities on time," according to Pedro Fonseca of REUTERS. The budget "covers 27 projects in urban development and public...

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Tags: Olympics, Brazil, IOC

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11/10/95
DOES BILLY PAYNE DRIVE A BUICK? A BMW? A NISSAN?

Buick Motor Division has announced they will offer a special edition Regal and Skylark to commemorate GM''s sponsorship of the ''96 U.S. Olympic Team and the Olympic Games in Atlanta. The cars will go

Tags: General Motors, Nissan, Olympics

11/10/95
OLYMPIC NOTES: USOC DISTRIBUTES $1.25M IN COMPETITIVE GRANTS

The USOC has announced the distribution of $1.25M in competitive grants to community-based Multi-Sport Organizations, Disabled Sports Organizations, and Affiliated Sports Organizations. Among the grou

Tags: Coca-Cola, Olympics, USOC

11/02/95
AUDITOR SAYS "BULLETPROOF" ACOG BUDGET MAY HAVE HOLES

ACOG officials disagreed with an auditor''s claim the committee''s budget is "far tighter than projected" and has only a $13M "safety net" between "breaking even and going broke," writes Melissa Turne

Tags: Olympics

10/20/95
IT'S ALWAYS COCA-COLA: COKE INKS TOP IV AGREEMENT WITH IOC

Coca-Cola Company signed a TOP IV sponsorship agreement with the IOC which covers ''97-2000 and ensures Coca-Cola''s continued association with the Olympic movement through Nagano and Sydney. A year i

Tags: Coca-Cola, IOC, Olympics

10/19/95
USOC UNDER FIRE BY U.S. SENATE

Critics "assailed" the USOC for its "emphasis on elite-level athletes at the expense of grass-roots programs" during a Senate subcommittee hearing yesterday that reviewed the Amateur Sports Act of ''7

Tags: Olympics, USOC

10/19/95
CAN HOT DOG EATING CONTEST AS OLYMPIC EVENT BE FAR AWAY?

Sara Lee Meats, a division of the Sara Lee Corp., has been named the "Official Packaged Meat Sponsor" of the ''96 Games. SLM will supply packaged meat products to the 150,000 members of the Olympic Fa

Tags: Olympics, Sara Lee

10/17/95
STOCKHOLM INTERESTED IN 2004 GAMES

The City of Stockholm is seeking to host the Summer Olympics in 2004. A 3/4 majority support the candidacy and preparations have already begun with "heavy investments" in arenas and training facilitie

Tags: Olympics

10/13/95
IT'S PARTY TIME! ACOG OFFICIALS GET ANNUAL PAY RAISES

Most top ACOG executives received pay raises ranging from nearly 4% to 5% this year, with ACOG President Billy Payne getting a 6% raise giving him a $669,112 annual salary, the highest salary of any h

Tags: Olympics

10/13/95
OLYMPIC NOTES: BRICK PROGRAM NOT QUITE WHAT ACOG HAD HOPED

Atlanta Olympic officials have decided to "write off" some of its Centennial Olympic Park brick program and will "absorb" $8M of the $15M it guaranteed against the sale of 700,000 bricks. To date, 223

Tags: Olympics

10/12/95
"BULLETPROOF": ACOG RELEASES FINAL BUDGET FOR ATLANTA

In describing their new $1.7B budget as essentially "bulletproof," ACOG officials expressed "absolute confidence" they now have "secured or identified" enough money to stage the Games as promised, acc

Tags: IOC, Olympics

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