Latest News

Back to Latest News back

 

Rogge confident despite PyeongChang 2018’s financial challenges

Rogge confident despite PyeongChang 2018’s financial challenges
February 5, 2013

International Olympic Committee (IOC) President Jacques Rogge is confident PyeongChang will deliver a successful 2018 Winter Olympics despite financial challenges surrounding one of its main venues.

PyeongChang 2018's venue plan details that the main Alpensia Resort will host cross country skiing, ski jumping and biathlon at three existing facilities, while one new venue is being developed to accommodate bobsleigh, skeleton and luge.

However, despite an increase in sales and visitors since the Korean resort town won the bid in 2011, Alpensia has been hit by the economic downturn with only 26.3% of holiday homes being sold.

The resort is currently faced with $844.78 million of debt, which accounts for $91,000 in daily interest payments. Reuters reports that regional officials have demanded government assistance to ease the situation, but the Ministry of Culture, Sports and Tourism has said help would only be provided once the autonomous province had exhausted all possible measures to raise funds.

Undertaking a two-day inspection visit of the Olympic site over the weekend, Rogge stated "we are extremely happy not only by the progress of the work but by the fact that existing facilities are being fully utilised.

"Koreans have much experience in hosting international sporting events such as the 1988 Seoul Olympics or the 2011 Daegu World Championships in Athletics. I'm optimistic."

PyeongChang 2018 Organising Committe President Kim Jin-sun also expressed his confidence when asked about progress at the venue, adding "despite financial issues and other problems, preparations are going smoothly.

"As you can see, stadiums and highways are already under construction or are contracted to be built."

PyeongChang failed in bids to land the 2010 and 2014 Winter Olympics before beating Munich in Germany and French candidate Annecy for the right to stage the 2018 Winter Games in July 2011.
Thanks to Sport Business International

6th July 2012 - PYEONGCHANG 2018 UPDATES WINTER OLYMPICS VENUE PLANS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Augmented Creative

Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…

read more

Arts / Attractions / Consultants / Design / Tourism

 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

Otium Planning Group

Otium Planning Group is a contemporary sport and leisure consultancy providing services in planning, facility development, management and funding for the sport, recreation and leisure industries…

read more

Aquatics / Consultants / Recreation / Sport / Venues

 
 

Envibe

With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology

 
 

BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks

 
 

Fun Wheels Pty Ltd

Fun Wheels Pty Ltd are the premium dealer in Australasia for the Dutch company BERG’s commercial and domestic products. Our flagship product is their revolutionary pedal go-kart – the…

read more

Attractions / Tourism / Venues

 
 

LIFE FLOOR (Aus & NZ)

Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…

read more

Aquatics / Play / Recreation / Safety / Surfaces

 
 

ICP

ICP is an Australian-based company focused on indoor climbing. ICP will manage your project from initial design to completion and beyond, whether you're building an international-level climbing…

read more

Attractions / Fitness / Recreation

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business