Hangin' With ... Joe Tacopina German Gov't Supports Hamburg Bid DTM Pushes Cooperation With Super GT Executive Transactions Samara, Russia Commits To New Facilities Ecclestone, HMRC At Odds Over Tax Bill UEFA President Platini: FFP 'Here To Stay' COLUMN: Violence Falls On Authorities Names In The News Nine Keen To Go Head-To-Head With AFL
SBD Global/August 5, 2013/OlympicsPrint All
Olympic organizers said that they may have to use $700M in government money "to meet the operating budget for the 2016 Rio de Janeiro Games," according to the AP. LOC COO Leo Gryner said that as conditions now stand "we need this $700 million." The original budget estimate of $2.8B "was submitted before Rio won the Games" in '09. The operating budget is used to run the Games, "and is separate from the capital budget, a mix of private and public money used to build needed infrastructure" (AP, 8/2).