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Vancouver officials say they broke even on 2010 Winter Olympics

OlympicsWinter OlympicsVancouver (Canada)2010 Winter OlympicsInternational Olympic Committee
Vancouver officials say they broke even on 2010 Winter Olympics, with revenues and expenses at $1.8 billion

Vancouver officials have released their final financial and operating report on the 2010 Winter Olympics, claiming to have broken even on the Games.

The organizing committee said that revenues and expenses matched up at about $1.8 billion.

The Games were almost entirely privately funded, with the International Olympic Committee contributing $721 million from broadcast rights fees, sponsors, ticket sales and other sources.

Local authorities recently sold off the remainder of the athletes village as condominiums, making a reported profit of $66 million.

Vancouver's final report comes just weeks after Russian officials claimed to have made $261 million on the 2014 Sochi Games.

No accounting details were provided for those most recent Games. They cost an estimated $51 billion.

 

Copyright © 2014, Los Angeles Times
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OlympicsWinter OlympicsVancouver (Canada)2010 Winter OlympicsInternational Olympic Committee
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