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SBD Global/June 26, 2013/Olympics
IOC Evaluation Commission Reports Madrid, Tokyo, Istanbul Dead Even In 2020 Race
Published June 26, 2013
EACH BID FLAGGED: BLOOMBERG's Alex Duff reported the evaluation flagged concerns including Tokyo's hotel rates, traffic congestion in Istanbul and the ability of Madrid to raise sponsorship. The committee said that "it was concerned about the 'guaranteed maximum' hotel rates in Tokyo that would be as much as $1,634 per night for a double room in a five-star hotel and $571 in a three-star hotel." The committee was "cautious" about whether Madrid can meet its target of raising $694M in sponsorships in Spain. The country is in the sixth year of an economic slump. In Istanbul, the report said that "there's a 'high' risk of traffic congestion because of plans to stage sports in the European and Asian sides of the city" (BLOOMBERG, 6/25).
PROTESTS NO THREAT: REUTERS' Karolos Grohmann also reported weeks of anti-government protests that have rocked Turkey "pose no threat to Istanbul's bid to land the 2020 Olympics." Istanbul 2020 CEO Hasan Arat said, "Turkey's youth is exercising its democratic right to stage peaceful protests. I am actually very proud of young people standing up for their beliefs" (REUTERS, 6/25).
BLANCO PLEASED: In Madrid, Almudena Rivera wrote Spanish Olympic Committee (COE) Alejandro Blanco appeared "very satisfied" with the report. Blanco: "This report is truly spectacular. Today is a day of great satisfaction and responsibility for the position in which we find ourselves. On the seventh, (of September, in Buenos Aires) we will have a huge test, but to this day we have to continue working in stages" (MARCA, 6/25). Rivera also reported that IOC Evaluation Commission President Craig Reedie said, "It is the best project Madrid has ever presented." Madrid 2020 CEO Victor Sanchez said, "In the bids before there were frailties" (MARCA, 6/25).