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Munich's 2018 bid gets budget raise

Munich's 2018 bid gets budget raise

Backers of Munich's bid for the 2018 Winter Olympics have agreed that its budget should be increased _ but not with taxpayers' money.
Bid officials agreed Thursday the budget should be raised to (EURO)33 million ($42 million) from (EURO)30 million. But Munich Mayor Christian Ude said there are still no plans for "demands on the taxpayer."
Bid chief Willy Bogner conceded organizers would have liked an increase to (EURO)37 million but said he still hopes "a decent bid" is possible. He rejected recent reports he had considered resigning.
Some (EURO)22 million has been raised from sponsors. Bavarian Governor Horst Seehofer said there is "a series of things in the pipeline."
Munich is competing against Annecy, France, and Pyeongchang, South Korea. The IOC will select the host city in July 2011.


Updated : 2021-04-12 06:49 GMT+08:00