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

04 / 18 / 14

Brazilian authorities "unveiled an infrastructure budget" of $10.76B for the 2016 Rio Olymipcs, 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 publ...

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Tags: Olympics, Brazil

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02/04/14
Corinthians Fans Attack Player

Corinthians President Mario Gobbi said that "fans attacked Peruvian striker Paolo Guerrero after invading the team's training centre in Sao Paulo in protest at the Brazilian team's recent struggles," according to the AP. Gobbi said that "the protest turned violent and fans grabbed the striker by the ...

Tags: ATT, ING, Brazil, Ugg, ACC

02/03/14
Collapsed Roofing Cleared In Sao Paulo

Constructor Odebrecht said that it has "removed the giant roofing structure that destroyed part of the World Cup stadium in Sao Paulo after a crane collapsed last year ," according to the AP. Odebrecht said that it cleared the "500-ton metal structure on Thursday," about two months after it crumble ...

Tags: Facilities, Brazil

01/31/14
Real Chooses Bernabéu Renovation Firm

The "competition to design Real Madrid's new Santiago Bernabéu stadium has a winner," according to Álvaro De Cózar of EL PAIS. Real has chosen the "project presented by German firm GMP Architekten and the studios L-35 and Ribas&Ribas over those from Rafael Moneo and Swiss ar ...

Tags: Facilities, Brazil

01/31/14
First 'Green' World Cup Stadium Named

The first Brazilian stadium to receive recognition as a "green stadium" is the Arena Castelao in Fortaleza, which will host six games during the upcoming World Cup, according to Rafael Molina of EL CONFIDENCIAL. Of the 12 venues that will host World Cup matches, the Arena Castelao is the first to re ...

Tags: Facilities, Brazil

01/31/14
Santos To Take Neymar Sr. To Court

Brazilian side Santos President Odilio Rodrigues has said that his club intends to "take Neymar Sr. to court to claim a share" of a €40M payment that Neymar's father received "as part of his son's move to Barcelona last summer," according to Dermot Corrigan of ESPN. The transfer is "currently ...

Tags: Franchises, Brazil

01/30/14
Sept. MotoGP Race In Brasilia Canceled

The MotoGP race scheduled for Sept. 28 in Brasilia has "been canceled due to construction work at the Nelson Piquet circuit demanding more time than initially expected," according to the EFE. The Brasilia government arrived at the conclusion that "there will not be sufficient time to prepare to host ...

Tags: Events and Attractions, Brazil

01/29/14
Brazil: $2.3B In Public Olympics Spending

Brazil's government on Tuesday issued its "first estimate of public spending on projects" related to the 2016 Rio Olympics, though the $2.3B price tag is "set to swell as more projects receive approval," according to Pedro Fonseca of REUTERS. The initial estimate from Brazil's Public Olympic Authori ...

Tags: Facilities, Brazil

01/28/14
World Cup Stadium Costs Reach $3.7B

São Paulo-based newspaper O Globo reported the cost of the 12 stadiums for the World Cup has reached approximately $3.7B, "a figure three times greater than the initial budget" presented in '07, according to the EFE. The budget for the stadiums that was "turned in to FIFA" in Oct. '07 indicat ...

Tags: Brazil, Facilities

01/28/14
Rio Games CEO Aims To Be Scandal-Free

Rio 2016 Olympic Organizing Committee CEO Sidney Levy said that the projected 30B reais ($12.5B) Games "are a chance to show that the country can run a major project without scandal," according to Tariq Panja of BLOOMBERG. Levy took over Rio’s organizing committee in January '13, and said that ...

Tags: Olympics, Brazil

01/27/14
WC Sponsors Spending $600M On Globo

When Brazil hosts the World Cup later this year, "it will be like having the Super Bowl every day for an entire month," according to Laurel Wentz of AD AGE. Eight marketers "are paying Brazil's dominant TV network Globo" a total of $600M for a TV presence around the football games and related cover ...

Tags: Marketing and Sponsorship, Brazil

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